POLI 243 Chapter Notes - Chapter 12: Cobden–Chevalier Treaty, Free Trade, Monody
20 Apr 2013
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Sir john a. macdonald and the introduction of canada"s national policy. U. s. interest in trade liberalization had declined with sever economic downturn of the 1870"s and canada"s industrial sectors wanted protection from foreign competition, and protectionism appealed strongly to both labor and capital in heavy industry. In the wake of the cobden- chevalier treaty, free trade had spread via clauses in bilateral trade agreements. The free trade regime rose in ad hoc fashion and deteriorated in the same way. As one country defected on the liberal norms, so did others, states could act as they chose. With no prior historical experience to fall back on, states believed that they could defect first, reaping the benefits of having their markets protected from foreign competition while still holding access to foreign markets. In the late 19th century, canada was relatively well endowed with one major factor compared to other countries: land.
