answersLogoWhite

0

Two main effects of the 1932 Ottawa Agreement and subsequent adoption of imperial preferential policies:

1) Creation of international market for Canadian raw materials and manufactured goods. Allowed the Government to avoid balance of payment crisis and default on external public debt.

2) Was a critical factor in Washington's decision to abandon isolationist policies and allow for bilateral tariff concession treaties. This marked the beginning of what continues to constitute the greatest bilateral trading relationship in the world.

User Avatar

Wiki User

12y ago

What else can I help you with?