Monday, November 17, 2008

reciprocity treaty

The Reciprocity Treaty

By: Fatima

What was the Reciprocity Treaty?

The Reciprocity treaty was an agreement between the United States and Canada to have trades without tariffs(taxes). It was signed on June,5,1854 in Washington.DC. by representatives from the U.S and Canada. They came to this treaty by people's demand both in Canada and the U.S to have freer trades between the two countries. The treaty was for a ten year trial period, after that either side could break the agreement.

New Rules in the Treaty.

- Allow products of farms, mines and sea to cross borders tax free.

- The U.S could fish in the waters off the Atlantic colonies.

- Allowed Canadians to access U.S fisheries north of 36th parallel.

Effects of the Treaty.

- Major items for the U.S for trading were: coal, pork, cotton wool, flour.

- Major items for Canada for trading were: fish, timber, grain, cattle.

- Large increase in Canada's exports to the U.S and rapid growth of Canadian economy.

- Exports to U.S from Canada increased by 33% while the exports to Canada from the U.S only

increased by 7%.

- After 10 years, trade rates had doubled between the two countries.

The End of the Treaty

The U.S decided to end the treaty in 1866 because they thought the Canadians were benefiting more in the treaty then they were. After the treaty had ended, British North America faced economic confusion and the economy went down a bit while for the Americans there was no real impact.

Text To Self-

It reminded me of how we have to pay tax when we buy something at a shop because the Canadians had to do the same if they wanted to trade anything with the Americans before and after the ten year trial period of the treaty.

Text to Text-

It also reminds me of other treaties in the past we have learned about before, like the treaty of Paris that created British North America.
Above is the link to see the Reciprocity Treaty and if you want more information on this topic.


grade8history said...

good job fatima ... lot's of typing eh?

grade8history said...
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grade8history said...

good job fatima i learned alot about the reciprocity treaty :P

by paul

grade8history said...

good job fatima. it was really interesting and i learned a lot from it.

form colin

grade8history said...
This comment has been removed by the author.
grade8history said...

it was nice to see someone eles doing the Reciprocity Treaty.. Good job, :)