At the onset of Confederation in 1867, political planners in Canada and Great Britain realized that Canada had substantial maritime interests to protect. Boasting the fourth largest Merchant Marine in the world, and deriving the majority of its foreign capital through maritime trading should have been enough to persuade the Canadian government of the strategic importance of the seas. Adding the fact that Canada was one of the great shipbuilding and ship-owning countries of the world, and it soon made the need for maritime protection obvious.