Was the Reciprocity Treaty?
The Reciprocity Treaty (1854) Between Canada and the United States Eliminated Customs Tariffs Between the Two, and the Resulting Increase in Trade with the...
The Reciprocity Treaty (1854) between Canada and the United States eliminated customs tariffs between the two, and the resulting increase in trade with the United States—which in part replaced trade with the United Kingdom—led to an economic boom in Canada.
What is reciprocal treaty?
Also found in: Wikipedia. a treaty concluded between two countries, conferring equal privileges as regards customs or charges on imports, or in other respects.
Why was the Reciprocity Treaty proposed?
As a result of the American Civil War, sugar prices rose dramatically in the United States (much of the sugar production in the United States had occurred in the southern states that seceded from the Union, particularly Louisiana), a situation that helped galvanize efforts by members of the U.S. government and the ...