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ECO321 – January 16th, 2014.docx

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th 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? Corn Laws • 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 confederation happened
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