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 of Friendship, Commerce and Navigation Between Argentina and the United Kingdom the United Kingdom weakened its claim. Treaty of Friendship, Commerce and Navigation Between Argentina and the United Kingdom The Treaty of Friendship, Commerce and Navigation Between Argentina and the United Kingdom was an 1825 treaty between the United Provinces of the River Plate (predecessor of modern Argentina) and the United Kingdom of Great Britain and Ireland (predecessor of modern United Kingdom). With this treaty, the United Kingdom accepted the 1816 Argentine Declaration of Independence. As the United Kingdom was the most powerful world power of the time, and the United States had announced the Monroe Doctrine, this treaty limited the