Chapter 20 Flashcards
1
Q
Smoot-Hawley tariff
A
Highest tariff in US history (60%). One of the causes of the worldwide depression.
2
Q
General Agreement on Tariffs and Trade (GATT)
A
An intentional agreement signed by the US and 22 other countries in 1947 to promote the liberalization of foreign trade.
3
Q
World Trade Organization (WTO)
A
A negotiation forum dealing with rules of trade across nations.
4
Q
Doha Development Agenda.
A
An initiative of the WTO focused on issues of trade and development.
5
Q
North American Free Trade Agreement (NAFTA)
A
An agreement signed by Mexico, US and Canada as a free trade zone.
