Reciprocity Treaty

Question 1

What economic ideology was adopted by the UK preceding the signing of the Reciprocity Treaty?

Answer 1

Economic liberalism.

Question 2

Why did the Province turn to the United States when in search of a new market?

Answer 2

At the time, the US was experiencing an economic boom which created demands for timber and a variety of other agricultural products, which the Province had.

Question 3

When did England, on behalf of the Province of Canada, sign the Reciprocity Treaty, which allowed the Province to trade with the US.

Answer 3

1854.

Question 4

What conditions led the US not to renew the Reciprocity Treaty in 1865?

Answer 4

Protectionist measures were being reinstated in both the US and the UK
The UK had supported the South during the war in order to protect their trade interests.

Question 5

After losing their trade opporturnities with the US, what did the Province chose to do to?

Answer 5

Create a political union with the British Maritime colonies, which would eliminate the borders between the two colonies and create a vast domestic market.