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Reciprocity Treaty Of 1854

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Reciprocity Treaty Of 1854
The Reciprocity Treaty of 1854, also known as the Elgin-Marcy Treaty, was a trade treaty between Great Britain and the United States. It affects British land in North America including the United Province of Canada, New Brunswick, Nova Scotia, PEI, and Newfoundland .The Treaty was in effective from 1854 to 1865. It represented an act toward free trade between the countries. After the conclusion of the American Civil War,the Americans successfully terminated the treaty due to protectionist elements in 1866. Because of this, British North America wanted to form the Dominion of Canada (1867), which opened up many new economic opportunities inside Canada. Attempts by the Liberal Party of Canada to revive free trade in 1911 led to a political victory

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