ECO321 – January 16 , 2014
Railways, Reciprocity Treaty and Economy
• Railways revolutionized trading with its speed, especially in Canada because the cold
used to deter the roads; so railways were really helpful.
• Reciprocity Treaty didn’t have a positive impact on Canada’s economy, but in fact, had a
slightly negative impact?
• British North American farmers could sell to British at ANY price, so who benefited?
o Merchants benefitted, not the farmers
• Confederation: Britain didn’t want us, US didn’t want us, so we had ourselves, hence