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Elodia [21]
4 years ago
7

HELLLPPP!!!! what was the consequences of the trade deficit?

History
1 answer:
Hatshy [7]4 years ago
5 0

A trade deficit raises a country’s standard of living, raises prices on goods, but as a country starts putting out certain goods rather than buying domestically, local companies start to go out of business.

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pon becoming President of the United States, George Washington almost immediately set two critical foreign policy precedents: He assumed control of treaty negotiations with a hostile power—in this case, the Creek Nation of Native Americans—and then asked for congressional approval once they were finalized. In addition, he sent American emissaries overseas for negotiations without legislative approval.

Taking a Global Position

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Within days of Washington's second inauguration, France declared war on a host of European nations, England among them. Controversy over American involvement in the dispute redoubled. The Jefferson and Hamilton factions fought endlessly over the matter. The French ambassador to the U.S.—the charismatic, audacious "Citizen" Edmond Genet—had meanwhile been appearing nationwide, drumming up considerable support for the French cause. Washington was deeply irritated by this subversive meddling, and when Genet allowed a French-sponsored warship to sail out of Philadelphia against direct presidential orders, Washington demanded that France recall Genet.

More British Challenges

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The President's strong inclination in response to British provocations was to seek a diplomatic solution. But the envoy to England, John Jay, negotiated a weak treaty that undermined freedom of trade on the high seas and failed to compensate Americans for slaves taken by the British during the Revolution. Worst of all, the treaty did not address the then-common British practice of impressment. Congress approved the treaty with the proviso that trade barriers imposed by England be lessened. Washington, while dissatisfied with elements of the treaty, signed it nonetheless.

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