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 former colony. The treaty also allowed British subjects to keep their religion, and to build their own churches and cemeteries. This was an unprecedented step in the history of the freedom of religion in Argentina, as it was the first time that a religion other than the Catholic Church was legally allowed in the country. The treaty set as well an agreement to stop the Atlantic slave trade. In the context of the dispute over the Falkland Islands (), Lowell S. Gustafson argues that by signing the Treaty without making any reservation about Argentina's settlement on the islands by 1825,