JOIN, or DIE. is a political cartoon, attributed to Benjamin Franklin and first published in his Pennsylvania Gazette on May 9, 1754. The original publication by the Gazette is the earliest known pictorial representation of colonial union produced by a British colonist in America.
The internment of Japanese citizens during World War ll was a dark chapter in our nations history. The day of Remembrance reminds us to acknowledge the mistreatment of Japanese Americans, and to ensure that we, as a nation, learn from our past mistakes.
The Federal Reserve (the Fed) is the central banking system of the United States. One of it functions is to manage the nation's money supply through monetary policy in order to maintain the stability of the financial system and the economy.
The Fed had the power<em> to increase the money supply</em>. If the Fed believes that the economy is operating well below its potential level of output, the money supply is <em>increased in order to stimulate the output and employment</em>. Output is the quantity of services and goods produced.
To increase the money supply means that people will have <em>more or excess</em> <em>money</em> to spend. Consumption will <em>increase</em>, people will demand more goods and services. Some may want to deposit the excess money in banks making the bank's excess reserves richer ( banks will own more money). If the banks own more money, they are willing to lend more. Banks will<em> lower</em> <em>interests rates</em> to motivate borrowing.
As the result of increased consumption and investment ( more money available, lower interests rates ) the country's<em> GDP will increase</em>. GDP is the market value of all the goods and services produced in the USA during a specific time.
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
