Methuen Treaty a popular replacement. Cypher and Dietz, in the book ″The Process of Economic Development″, say that: "Portugal specialized in a commodity that did not have the same growth potential as did cloth for England. Portugal's economy suffered consequently, as the productive structure and institutions were moulded in the direction of wine production. In fact, after trade was rapidly expanded following the Methuen Treaty in 1703, Portugal was left with a sizeable deficit as its exports to England fell short of its imports from England. The boom in Portuguese-English trade fortuitously coincided with a gold rush in Brazil, Portugal's colony, enabling
Treaty establishing the European Defence Community Treaty establishing the European Defence Community The Treaty establishing the European Defence Community, also known as the Treaty of Paris, is an unratified treaty signed on 27 May 1952 by the six 'inner' countries of European integration; West Germany, France, Italy, and the Benelux countries. The treaty would have created a European Defence Community (EDC) with a pan-European defence force. The treaty failed to obtain ratification in the French parliament, and consequently never entered into force. Instead, West Germany was admitted into the Western European Union (WEU), a dormant successor of the 1948 Western Union, as well as NATO. The