StudentShare solutions
Triangle menu

U.S. Interregional Trade - Essay Example

Free

Extract of sample
U.S. Interregional Trade

The growth of the United States economy in the period from 1790 to 1860 can be seen in terms of an expansion and a growing complexity (Suranovic, 1997). The local market relations that existed before canals and railroads were personally run on trade and a mixture of cash and barter. With the growth of the South's cotton industry in the period after 1815, the country branched out and developed an interregional trade system that was structured around a growing number of banks and currency (Whitman, F.K., 2000, p. 535).

Between 1807 and 1815, U.S. foreign trade was severely disrupted by Jefferson's trade embargo, subsequent non-importation measures, and the War of 1812. These disruptions are commonly believed to have spurred early U.S. industrialization (Zuckerman, 2006). Because of the aforementioned disruptions, especially the embargo, domestic industry was encouraged and emerging local industries were protected from import competition by preventing foreign manufactured goods from reaching the U.S. market (Davis, J.H., 2003, p. 228).

Due to the resulting trend of interregional trade, new manufacturing firms were established and existing domestic producers rapidly expanded output to replace previously imported goods (Zuckerman, 2006).

Related Essays

Jordan-USA free trade agreement
Chomo (2006) found that the Qualifying Industrial Zones (QIZs) which was established in 1996 allowed manufactured products from Israel, Egypt, and Jordan to enter the U.S. duty free. Jordan is a developing nation and has a small market due to its small population.
10 pages (2500 words) Essay
U.S. Foreign Policy and Trade
U.S. Foreign Policy and Trade Has the implementation of NAFTA led to the U.S. being restricted in the foreign policy realm or was NAFTA part of the broader foreign policy objectives of the United States? What generalizations can be made between U.S. foreign policy and trade?
5 pages (1250 words) Essay
Free Trade For Developing Countries
A more interesting aspect of these debates, however, is the arguments that concern ‘developing’ countries in particular (as opposed to their developed counterparts). The paper explains both sides of the argument, with the balance tilting in favor of free trade as has been witnessed by economists over the years.
8 pages (2000 words) Essay
The Impact of International Trade on U.S. Economy
Running head: The Impact of International Trade on U.S. Economy The Impact of International Trade on U.S. Economy Insert Name          Insert Grade Course Insert Tutor’s Name 26 March 2012 The Impact of International Trade on U.S. Economy Introduction The world has witnessed rapid economic regionalization in the last decade, as evidenced by the proliferation of free trade agreements among nations.
5 pages (1250 words) Essay
U.S. trade with the European Union
U.S. trade with the European Union The history of international trade dates back to the ancient times. The Egyptians and the Roman Empire were involved in trade of goods with other nations thousands of years BC. During the 17th and 18th century a movement called mercantilism surged in Europe which increased the importance of international trade.
5 pages (1250 words) Essay
Economic history
One of the major factors credited for making the United States the economic, industrial, and trade giant that she is, was domestic
2 pages (500 words) Essay
The U.S. Taiwan Trade relations
To improve the bilateral relationship and security, the ROC and the U.S. signed the Sino-American Mutual Defense Treaty in 1954. The economic aids from U.S. helped Taiwan to improve its economy and remained as a member of United Nation and also other major
6 pages (1500 words) Essay
What effects does free trade have on U.S. workers
Trade Agreement is on the other hand, defined as an agreement between two or more nations concerning the buying and selling of each nation’s goods (Garner 1529). Free trade conceptualized the free flow of goods and services between countries, absent any barrier (Hill,
12 pages (3000 words) Essay
Free trade or protectionism
The argument between protectionism and free trade is at least three centuries old, almost as old as the concept of free trade. It gave birth to two opposing political ideologies - capitalism and socialism. While
40 pages (10000 words) Essay
The trade relations between China and the U.S
For instance, In 1979 U.S. - China trade was $2 billion, which has since grown tremendously to $562 billion in 2013. Currently, China is the second largest trade partner, third-largest market for exports and the largest single source of imports
2 pages (500 words) Essay

Summary

An expanding population permeated with a strong sense of individualism and competitive spirit, eagerly exploited the seemingly limitless supply of land and natural resources, producing technological innovation and unparalleled economic expansion…
Author : sallypredovic
U.S. Interregional Trade essay example
Read Text Preview
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation