ECON 2P19 Lecture Notes - Port, William Hamilton Merritt, Navigation Acts
7 Mar 2014
School
Department
Course
Professor
Document Summary
Chapter 8 adjustment to the end of mercantilism. The st. lawrence-great lakes carrying trade: american wheat could come into canada without significant duty, but american flour could not. It benefited americans to ship their wheat to canada and have it ground into flour: with the opening of the british wheat market to all nations on an equal basis, American one to new york: the former was a seasonal port far up a river noted for stretches of tricky navigation, the other was an ice free port with ready access to the open ocean. Lower rates from new york to liverpool more than compensated for higher. Lowering the american barriers might permit them to develop this new market: a reciprocity agreement with the united states also offered british north. Americans more than a new market: with preferential access to the british market under mercantilism, the british.
