1. Economic Stagnation:
- The island's economy relied heavily on agriculture, but farming faced challenges due to soil depletion and limited land availability.
- PEI had a large public debt and faced financial difficulties in servicing it.
- The island's isolation and lack of infrastructure made it challenging for businesses to expand and compete in the broader market.
2. Political Instability:
- PEI's political system was often characterized by partisan rivalries and deadlocks within the colonial legislature, hindering progress and decision-making.
3. Lack of Development:
- Infrastructure was lacking in many parts of the island, with poor roads, limited transportation options, and a lack of public services.
4. Railway Issue:
- PEI had made significant investments in a railway project but encountered financial and construction difficulties. The colony sought financial assistance and the potential for better transportation links through joining Canada.
5. Immigration and Emigration:
- The island faced the challenge of retaining its population as many individuals emigrated to other regions in search of better economic opportunities.
6. Trade Deficiencies:
- PEI struggled to maintain a favorable balance of trade, often relying on imports but facing limited export opportunities, further straining the economy.
By joining the Canadian Confederation, PEI aimed to address these challenges, gain access to broader markets, strengthen its economy, improve infrastructure, and secure greater political representation. Confederation promised to provide financial assistance, facilitate intercolonial trade, and contribute to the island's overall growth and development.