Canada is Quietly Building The Trading Empire Of The World

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Canada is Quietly Building The Trading Empire Of The World
1,138,098 views•22 Apr 2020

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Jack Chapple
292K subscribers
We live in a world where globalization and trade have become one of the most vital aspects in determining the power of a country’s economy.

In fact, the process of getting goods from point A to point B might be one of the most important economic drivers in the world, yet no one talks about it. And somehow…quietly in the background,  We might be seeing the creation of the most powerful trading economy in the world…but not for the reasons that you might think.



If you want to ship an item from a manufacturing hub like China, to a consumer hub in a Place like New York…how would you do it?

Well you could just send the package on a direct flight and it’ll get their in roughly 15 hours. But this is extremely costly. It actually costs anywhere from 5 to 15 times more to ship by air than to ship by the most common shipping method… by sea.

So, we are probably going to need to use a sea freighter. Now how would you deliver the package? Well you could drop the package off at long beach, and use a rail or truck to move the item to new york, but again, that is usually more costly.

Now we are in a predicament. In order to get an Item from China, all the way to new york, a ship would need cross the pacific ocean, travel all the way around the bottom of south america, make its way through the atlantic ocean, before reaching its destination after travelling 30,000 kilometres.

And this is a problem that was faced for hundreds of years. For example, when countries like Great Britain wanted to trade with the west coast of the united states or south america. Virtually all ships would’ve needed to travel around the bottom of south america in order to deliver their goods.

That was until the early 1900’s when the United States decided to buy up an 82 kilometre long plot of land in Panama. You see, the united states saw that this was the smallest amount of land that separated the Atlantic Ocean from the Pacific Ocean. So they thought this land could be used for both trade and military purposes. So, they purchased this plot for roughly $40 million dollars, or roughly $916 million dollars today.


They then created an artificial lake, and dug trenches from this new artificial lake(gatun lake) to both the pacific and atlantic oceans.

And finally on August 15th, 1914, the Panama Canal was opened. And the first american ship to ever travel directly from the atlantic ocean to the pacific ocean, without going around south america, had passed through the Canal. It was a cargo ship called SS Ancon, and was largely responsible for shipping cement from New York, to Panama in order to help build the Canal’s infrastructure.

And this opening of the Panama Canal would go on to change the world in many ways. For example, in 2019 nearly 1 million ships passed through this Canal, which indirectly resulted in trillions of dollars worth of commerce. The Canal also generated roughly 2.6 Billion dollars worth of fees for granting access of use of the Canal, so the Canal itself is a pretty decent money maker itself as well.

But this Canal also has limits, for example, no ships longer than 1200ft or wider than 168ft can actually pass through the Canal, as the waterway is simply not large enough to allow bigger ships through. So that is why today, you see most cargo ships being built with the exact dimensions needed to fit in the Panama Canal.


Another more unforeseen effect that this Canal had was that it wreaked havoc on some south American countries like Chile. This was because the ships that once had to stop at multiple port cities along the Chilean coast, all of a sudden stopped coming by. This was a large contributing factor to an economic collapse in Chile, which saw its state income and international trade cut in half within 2 years.
Way too long. End of transcript

Some keywords that I wanted in the description:
northwest passage
canada northwest passage
northwest passage trade
baffin island
iqaluit
canada economy
nunavut
yukon
northwest territories
canada trade


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6,155 Comments
Gus Tio
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Jack Chapple
Pinned by Jack Chapple
Jack Chapple
3 weeks ago
What do you think of the northwest passage? do you think it is the future of shipping? and do you consider it to be canada’s internal waters or an international waterway? let me know i nthe comments down below.


ALSO, I know I mispronounced things like Chile, and resources, etc. That's just how I talk :p I am trying to improve my pronunciation of things but it'll take time.


Also, holy moly, 256 subs!!! thank you all :D I hope you enjoy this video. It's slightly more on logistics, but is a vital part of the economy, and I worked extra hard on this one, so please please leave a like and subscribe :)

291

Jack Chapple

Seth Boucher
Seth Boucher
3 weeks ago
"Canada imposed a 25% tariff on steel and aluminum on the US".
Yes, we did. After Trump imposed a tariff on us.
We did not instigate it.

4K


Hatuey McFarland
Hatuey McFarland
2 weeks ago
This video is a case study on why you shouldn't get your facts from Youtube.

817


Saundayyy
Saundayyy
2 weeks ago
if it’s between OUR islands, then it should be OUR water.

210


Bebs
Bebs
2 weeks ago
"Canada could pick and choose which countries to impose tariffs on"
He's speaking like this is shocking, meanwhile, he forgets what he said earlier in the video, how the US charges ships that cross the Panama canal. Also, he forgets that Canada imposed tariffs on the US in retaliation to the US' tariffs on Canada. Although informative, this video is very biased.

373


adam_collin steele
adam_collin steele
2 weeks ago
The north west passage is most definitely a part of Canada’s internal water ways.
It is as much a part of Canada as is all the rest of our land. Built in to our culture and Heritage.
  And the greed of America will not take it from  us, nor will they get our last glass of water or barrel of oil.
You can not take what is not yours,
Because you want it.
Bad capitalist, no...

271


bob motives
bob motives
2 weeks ago
Straight up lied in this video, Canada imposed retaliatory tariffs on US steel after they posed one on us

215


Matthew Ford
Matthew Ford
2 weeks ago
I live here and this story is waaaaay off.

206


guibox3
guibox3
2 weeks ago
I truly hope that Canada can start moving away from any dependence upon the US, Saudi Arabia and China. We have the resources and partnerships around the world to do it to some extent.

157


OcihEvE
OcihEvE
2 weeks ago
The first thing we will need to do is put a Tim Hortons every 20 miles along the route.

109


K SG
K SG
2 weeks ago
"for example on june 29 2018, canada imposed 25% tariffs on steel and aluminum from the united states "
how Biased is this , you forgot to mention that Canada imposed thos tariffs in response to the United states tariffs on wood , steel, milk, and many other products, for example a 300% tariff on the now known Airbus A220....

get your facts right

76


Camilo Ramírez
Camilo Ramírez
2 weeks ago (edited)
"The US Decided to buy up an 82 km long plot of land in Panama" More like parked some ships in the Colombian coast with its guns locked and loaded and "politely," asked us to leave Panama be its own country so that the US could build this Canal. I mean, it did not help that the Colombian government did not want to build it in the first place, but it was not like they just decided to buy the land, it was more like you don't want to play ball? then I'll steal the ball and the stadium from you.

106


Marekita
Marekita
1 week ago
I went to your profile to check where you're from and was surprised your location says Canada because you pronounced Nunavut like That when any Canadian should know you said it incorrectly. Did you grow up in America or something? Especially because of your extreme bias speaking of Canada's tarifs and suggestion of tariffs, I can't honestly believe you're a well-informed, respected Canadian citizen.

27


Dagmar
Dagmar
1 week ago
The Northwest Passage is Canada. We've always known this and no doubt the US would like to have it. Unfortunately it has always been Canadian and it will always be Canadian land or water

36


zico miko
zico miko
1 week ago
The northwest passage belongs to Canada, period.

28


Ernie Maleniza
Ernie Maleniza
2 weeks ago
As far as I'm concerned the northwest passage belongs to Canada, period end of story.😤

84


racepnd
racepnd
1 week ago
Tariffs were only put on U.S steel and lumber after the U.S put sanctions on Canadian steel and lumber, you forgot to mention that.

28


Lemonade Lenard
Lemonade Lenard
1 week ago
15:06 if that’s true that would mean over 2,300 ships pass trough there every day. Yet another reason YouTube is not a place for accurate info.

14


Havana Kaba
Havana Kaba
2 weeks ago
“Canada has constantly voted in the UN to impose economic sanctions on countries that have committed human rights violations.” Why did he say that like it’s a bad thing??

783


MrUltimategamer44
MrUltimategamer44
5 days ago
Your thumbnail has the United States with a Canadian flag on it.

Are you feeling okay?

5


CaseyCorrupted
CaseyCorrupted
2 weeks ago
"The Danbay river"


excuse me the what

43


L MC
L MC
1 week ago
Did anybody see the thumbnail, the Canadian flag was on the United States!
Looks real Convincing to me.

6


Clash Fails
Clash Fails
5 days ago
Not gonna lie wether it’s intentional or not that Canadian flag being put on the shape of the US border concerns me 😂😅

7


B Hamilton
B Hamilton
1 week ago (edited)
13:59 - Your mispronunciation of the “Dan-bay river” has me questioning everything else you’ve said in the 14 minutes leading up to it. Edit: lmao at the rest of the comments

12


Panama Jack
Panama Jack
1 week ago
Canadian waters. When frozen solid nobody wanted it. Now as a potential appears everyone wants a piece of the action.
Sidenote...I am a Canadian who lives permanently in Panama and have for the last 12 years. Love Panama and love Canada, that's why I am a PANADIAN

14


niko b
niko b
2 weeks ago
"We live in a world where globalization and trade have become one of the most vital aspects in determining the power of a country’s economy."
CoronaVirus: Hold my DNA...

22


aaronl19
aaronl19
1 week ago
People saying that the NorthWest passage should be international waters is like saying a random river in a country should be  international waters. Also is there an explination for the thumbnail?

11


Layton Bennett
Layton Bennett
2 weeks ago
Canada's tariffs against the US were retaliatory, so to say we put sanctions on the US is pretty disingenuous.

264


jogman555
jogman555
2 weeks ago
1  million ships a year ! Those locks needs to be fast  to let a ship trough every 2 minutes  ;)

25


Herbert PIlgrim
Herbert PIlgrim
3 days ago
The map of Canada looks like the US. Get it together you’ll

1


Fernando Alvarez
Fernando Alvarez
2 weeks ago
Canada already flex’s it’s influence with rights to their airspace since most northern hemisphere intercontinental flights to & from US cities require flying over Canada. Canada threatening to ban Korean Air forced them to revamp their operations and clean up their safety practices.

22


Derps With Wolves
Derps With Wolves
2 days ago
Couldn't even use an outline of Canada in the damn thumbnail.

2


William Terivani-Lincoln MD
William Terivani-Lincoln MD
1 day ago
THIS IS WHY CANADA IS CHINESE CONTROLLED- AND WHY CANADA CAN'T BE TRUSTED.



Grigore Cusnir
Grigore Cusnir
2 weeks ago
I wonder how the Indigenous people of Nunavut will react if this happens... You should’ve mentioned something about them.

22


t2hughes
t2hughes
1 week ago
"in 2019, nearly one million ships passed through the canal ..." You should check your numbers on that and edit -- it's more like 15,000 per year. (Still a lot, but not even close to a million.)

6


Lisa Merckx
Lisa Merckx
1 week ago (edited)
America: I’m the richest!!. Canada: hold my money and Laser research. Yes, just give us a hundred years

14


nlz242
nlz242
2 weeks ago
"On june 29th 2018, Canada imposed 25% tarrifs on steel and alluminium from the united states" which was an answer to the United States imposing tarrifs... we did it reciprocally... don't be all like "canadians be takin' our money"..

"On May 31, 2018, the United States (U.S.) announced tariffs on imports of certain steel and aluminum products from Canada at the rates of 25% and 10%, respectively.

6


MultiCappie
MultiCappie
1 week ago
I thought you were going to talk about how Canada is now the only nation with trade agreements in all 3 of the global trading blocs (NAFTA, CETA (E.U.) and TPP.)

3


brunogauthier1
brunogauthier1
2 weeks ago
That's a lot of BS and mis information in 16 minutes. Hard to pack more. Good work

13


MA Business
MA Business
2 weeks ago
Canadians be like: Aww thank you.
It is funny though how the US sent the icebreaker to the Northwest passage without permission :D

7