Canadian Economic Development Research Paper by Master Researcher

This paper will discuss the U.S.'s replacement of Great Britain as Canada's closest economic and political ally. The starting point for this is the repealing of the Corn Laws in the middle of the 19th century and the Reciprocity Treaty of 1854. This marked the beginning of the American era which waxed and waned through Canadian history from that point forward. This marks an important case for study because it underlines the great need Canada has had for foreign capital throughout its development. With a small population, enormous resource base, and strong desire to maintain high standards of living, extensive foreign investment has been absolutely critical.