Donald A. Smith

Definition

Donald A. Smith, also known as Lord Strathcona, was a prominent Canadian financier and politician, best known for his crucial role in the construction of the Canadian Pacific Railway (CPR). His contributions not only included securing funding but also navigating the political landscape to promote this vital infrastructure project, which was key to uniting Canada and facilitating westward expansion.

5 Must Know Facts For Your Next Test

1. Donald A. Smith was instrumental in raising capital for the CPR, utilizing his connections in the business world to secure essential investments.
2. He served as the CPR's first president and advocated for its construction as a means to promote national unity and economic prosperity.
3. Smith was born in Scotland in 1820 and immigrated to Canada in 1838, where he eventually became a successful businessman in the fur trade.
4. His commitment to the CPR included personally laying the last spike at Craigellachie, British Columbia, marking the completion of the railway on November 7, 1885.
5. Donald A. Smith's legacy extends beyond the CPR; he was also a philanthropist, supporting various educational and cultural institutions across Canada.

Review Questions

• How did Donald A. Smith's background and business acumen contribute to his pivotal role in the construction of the Canadian Pacific Railway?
  • Donald A. Smith's background as a successful businessman in the fur trade provided him with valuable insights into financing large projects. His extensive network of contacts allowed him to attract significant investments needed for the CPR's construction. Additionally, his understanding of both the economic and political landscapes helped him navigate challenges and advocate effectively for the railway's importance in uniting Canada and promoting westward expansion.
• Discuss the significance of Donald A. Smith laying the last spike of the Canadian Pacific Railway in the context of Canadian nationalism.
  • The act of Donald A. Smith laying the last spike of the Canadian Pacific Railway symbolized not only the physical completion of a monumental project but also represented a triumph of Canadian nationalism. This event marked the fulfillment of a vision to connect disparate regions of Canada, fostering a sense of unity and shared identity among Canadians. The railway played a crucial role in facilitating immigration, trade, and communication across vast distances, reinforcing Canada's national fabric.
• Evaluate Donald A. Smith's impact on Canadian society through his role in both business and philanthropy, particularly concerning education and cultural institutions.
  • Donald A. Smith's impact on Canadian society was multifaceted; he significantly shaped its economic landscape through his leadership in developing critical infrastructure like the CPR. Beyond business, his philanthropic endeavors supported educational institutions, such as universities and schools, enhancing access to education across Canada. Furthermore, by investing in cultural institutions, he fostered a sense of community and heritage among Canadians. His contributions helped lay foundational elements that would influence Canada's growth and identity well into the future.

Related terms

Canadian Pacific Railway:

A transcontinental railway that connected Eastern Canada to British Columbia, essential for national unity and economic development.

Transcontinental Railway: A railway system that spans an entire continent, enabling efficient transportation of goods and people across vast distances.

Lord Strathcona: The title bestowed upon Donald A. Smith in recognition of his contributions to Canadian society and his philanthropic efforts.