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Economy under the British Regime…….

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Presentation on theme: "Economy under the British Regime……."— Presentation transcript:

1 Economy under the British Regime…….
Key vocabulary… Tariffs Preferential Tariffs Protectionism Free Trade Reciprocity Treaty

2 Definitions Protectionism: An economic policy established by a government to protect the economy of the country or empire from foreign competition. Preferential Tariffs: lower customs duties on products imported from special places.

3 Definitions Free Trade: a policy where customs duties on products are either reduced or abolished

4 The idea of Protectionism…
What is one way in which Canada protects its economy from foreign competition?

5 Organization Demand Where is the demand coming from …who buys the stuff ? Or where is the market ? …….Britain Why? Continental blockade by Napoleon Warships

6 Organization British put preferential tariffs in place…..
This means goods are only imported from within Empire ex: lumber is imported from colonies

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