ECO100Y1 Study Guide - Final Guide: Canadian National Railway, Seigneurial System Of New France, Rideau Canal
Document Summary
Reciprocity treaty (1855-1866) reciprocity treaty- free trade in natural products between us and canada reciprocal fishing rights on east coast of north america same nation status for boats on inland waterways. W. a mackintosh thought reciprocity gave an extraordinary impulse to advancement: canadian exports jumped 33% in 1855, imports jumped as well, ratio of bna exports/gdp went from 3% to 7. 5% between 1850-1860. Imports/gdp fell from 8. 6 to 8%: bna exports doubled over the life of treaty, highest increase in grain and timber exports, bna benefited more than americans, since reciprocity eliminated us tariffs that were higher than. 1950s books: southern ontario(masters) and maritimes(saunders) supported importance of treaty. They think we should analyze only trade in natural resources affected by treaty. 2. divide trade data from reciprocity items and non-reciprocity items measure absolute impact of treaty through movement of reciprocity items and relative movement compared with movement of non-reciprocity items.
