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
Security Treaty Between the United States and Japan Security Treaty Between the United States and Japan The , was signed on 8 September 1951 in San Francisco, California between representatives of the United States and Japan. The agreement contained five articles, which dictated that Japan grant the United States the territorial means for it to establish a military presence in the Far East. Moreover, the accord stated that Japan be prohibited from providing foreign powers any bases or any military-related rights without the consent of the United States. The accord was ratified by the United States Senate on 20 March 1952 and then it was signed into U.S.