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 Between Great Britain and Lagos, 1 January 1852 slave trading port. In 1851 and with pressure from liberated slaves who now wielded political and business influence, Britain intervened in Lagos in what is now known as the Bombardment of Lagos (or Reduction of Lagos). The British installed Oba Akitoye, ousted Oba Kosoko, and signed a treaty on January 1, 1852 between Great Britain and Lagos that outlawed the slave trade, ushering in the consular period in Lagos' history, wherein Britain provided military protection to Lagos. The text of the Lagos Treaty of 1852 is transcribed below: "Commodore Henry William Bruce, Commander-in-Chief of Her Majesty’s ships and vessels on