Canadian American Reciprocity Treaty

High Quality Content by WIKIPEDIA articles! The Canadian American Reciprocity Treaty, also known as the Elgin-Marcy Treaty, was a trade treaty between the colonies of British North America and the United States. It covered raw materials and was in effect from 1854 to 1865. It represented a move toward free trade, and was opposed by protectionist elements in the United States, who joined with Americans angry at apparent British support for the Confederate States of America during the American Civil War, ended it in 1866. The solution for most leaders in British North America became confederation into the Dominion of Canada (1867), which supposedly would open 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 for Conservatives who warned that Canada would be swallowed up by its giant neighbor. Talk of reciprocity was put on hold for decades.