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 Casco (1703) Treaty of Casco (1703) Treaty of Casco (1703) was an unsuccessful attempt made by Governor Joseph Dudley of Massachusetts Bay Colony to prevent further Indian hostilities from breaking out along the northern frontier. War was already going on in Europe between England and France (see Queen Anne's War) and the eastern Indians were historically allies of New France, and had a close relationship with the French Jesuits. Governor Dudley appointed a meeting of the several chiefs and their tribes to confer with him and his councilors to reconcile whatever differences had arisen since the last treaty. They met in New