The Government of the US discouraged foreign goods to protect domestic goods from foreign competition, using the government in which it chose to restrict the import of goods from foreign countries.
The major reasons for protecting the US from foreign goods are as follows:
1) The government wanted to protect domestic workers from losing their jobs. Free trade would have met the workers of the domestic country exposed to foreign competition, and consequently losing their jobs.
2) The government wanted to protect small industries which mean small industries should be protected by imposing trade restrictions to give them a chance to grow and develop to become more competitive. These industries were now working at a very small stage and incompetent to face the Giants of the global economy.
3) The government wanted to restrict trade as it wanted to prevent the unfair trade practices which are caused due to free trade across the countries. Each country has its trade regulations which may be unfair for some countries. Such differences lead to unfair practices in the domestic market, and when such unfair practices are evident, government restrictions become mandatory.
4) Another important reason for imposing trade barriers was that the country wants to protect national security which is caused due to free trade. National insecurity is caused due to trade when a country becomes dependent upon other countries for the supply of materials or other important resources. When it comes to national security, it is important to protect domestic industries from foreign competition.
5) Finally, trade barriers are introduced by the government for reducing the bargaining in negotiations which are caused due to foreign competition, and restriction becomes an evident asset to reduce such trade negotiations. The bargaining power of the domestic industries is greatly harmed due to foreign competition in such cases government interference becomes necessary for the protection of such industries.
To know more about trade restrictions: brainly.com/question/7580546
Answer:
If I lived in a economy in which production, investment, prices, and incomes are determined centrally by a government it would change my life in a lot of different ways. The first way it would be different is I would be paid differently. That could have drastic consequences on my income and investments. I also might not be able to find all the commodities or goods that you would normally be able to find in a market economy. If for some reason I wanted to buy some luxury items: fancy bed, new expensive clothes and such then the state would say no because those items are not needed to survive. Therefore my life would be different in that way. all in all living in this kind of economy would become very different then my current lifestyle
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For the other answerer if you highlight the previous answer with the mouse and then right click it the press copy you can paste it on here using ctrl v
Should be christopher columbus
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Explanation:
battle of Lexington and concord
April 1775; British troops march out of Boston to find arms and munitions stockpiled by the Patriots; British troops are chased back to Boston and suffer heavy losses; known as the "shots heard around the world," and recognized as being the beginning of the American Revolution
