April 19

The Economic Situation in the 1860s

The construction of the railway encouraged British North America Colonies to unite.The railways helped transport resources, from one colony to another. Because Lower Canada was experiencing a depression they needed the Americans to sign the Reciprocity Treaty; which is a treaty allowing the ownership and transport of goods from on colony to another, which included the United States. The Corn Law kept prices of grain high, but when the law was “removed”, it led to an economic failure in Canada. This forced Canada rebuild their economy by uniting the colonies.

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Posted April 19, 2016 by botid2014 in category Socials 10

1 thoughts on “The Economic Situation in the 1860s

  1. brchan

    Good job. Remember that the abolition of the Corn Laws led to the Reciprocity Treaty and it’s termination led to Canada needed new trading partners. With the trains, more people from the other colonies could help pay off the debts the government was racking up.

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