Correction: The 1846 Oregon Treaty (Treaty of Washington) did not encourage settlement. It ended the joint US-UK occupation by setting the 49th parallel as the border from the Rockies to the Strait of Juan de Fuca (giving Vancouver Island to UK).
What actually drove settlement:
The treaty removed British uncertainty, allowing US laws (land claims, courts) to operate unambiguously—but the wave was already coming. The treaty was a diplomatic finish line, not a starting gun.