The Reciprocity Treaty of 1854 and Why it Benefited Canada Most Background of the Treaty Canada, formerly part of the British Empire under the status of a colony, had benefited in large part from Britain’s use of protective tariffs for parts of its empire. However, in 1846 Great Britain decided to remove some of these existing protective trade tariffs and Canada found itself in dire need of other export opportunities in order to compensate for the decreased volumes of trade that results. The natural solution for Canada in terms of sourcing new export opportunities was, of course, the United States (US) which offered a multitude of trade expansion potentialities. The economic context which led up to the establishment of the Reciprocity...The end:
.....aintaining open trade dialogue and exchange between the US and Canada forms much of Canada’s free trade policies even with other international markets. Works Cited Ankli, Robert. The Reciprocity Treaty of 1854. College of Commerce and Business Administration, Urbana-Champaign; 1971. Easterbrook, W. & Hugh Aitken. Canadian Economic History. University of Toronto Press, Toronto; 1988. Gillmor, Don. Canada: A People’s History Volume 1. McClelland & Stewart, Toronto; 2002 Masters, Donald. The Reciprocity Treaty of 1854: Its History, Its Relation to British Colonial and Foreign Policy and the Development of Canadian Fiscal Autonomy. McClelland and Stewart, Toronto; 1969. See, Scott. The History of Canada. Greenwood Press, New York; 2001.