History of cities in Canada electric elevators, built in 1895. This was followed by the Traders Bank of Canada, (15 floors, Yonge Street, 1905), the Canadian Pacific Building, (16 floors, 1913), the Royal Bank, (20 floors, 1915), the Royal York Hotel, 1929, and the Canadian Imperial Bank of Commerce, in 1931. Canada's first escalator was installed in 1904 at Eaton's Department Store on Queen Street. The beginnings of the rise of Toronto as the cultural capital of Canada were seen in the establishment in 1827 of what would become the University of Toronto and the founding of "The Globe" (later "The Globe and Mail")in 1844.
Organic composition of capital in the Marxian literature. One is formula_2. This is the ratio of constant capital to newly produced value (roughly, what modern economists call "value added"), i.e., surplus-value + variable capital and close to the concept of a capital/output ratio. Less common is the measure used by Paul M. Sweezy, i.e., formula_3, the ratio of constant capital to the total capital invested. The total capital tied up by a capitalist enterprise includes more than fixed assets, materials and wages/salaries; it also includes liquid funds, reserves and other financial assets. For instance, an employer must normally reserve funds to pay for ongoing