POLI 243 notes Mar 3

POLI 243 notes Mar 3 - Canadas National Policy Protection...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Canada’s National Policy Protection as a Development Strategy Trade Liberalization in the Nineteenth Century - Liberal ideas spread in the mid-1800s o Smith (late 1700s), Ricardo o Britain begins to liberalise (1830s, 40s)… o Trend towards liberalism (1860s) becomes more popular, even in Canada - Elgin Treaty (1854, US and Canada) o Liberalized trade between the two countries; opening up of the int’l economy o Also domestic liberal policies in many countries (Laissez-faire) - Disruptions in liberalized trade: o American Civil War Northern states pass tariffs – gov’t wants more money to prosecute war against south (tariffs are easy to enforce, execute, profitable), starting to industrialize (tariffs designed to promote industrialization) These lingered long after the war –up until WWI o First “Great Depression” occurs in the 1870s Because of economic globalization & advances in technology (telegraph, railroads, better ships, etc) local prices for goods dropped drastically (more global competition), and a depression ensues This effected economies all over the world – North America as well
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/28/2011 for the course POLI 243 taught by Professor Markbrawley during the Winter '09 term at McGill.

Page1 / 2

POLI 243 notes Mar 3 - Canadas National Policy Protection...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online