It ended the revolutionary war.
It named a five member commission to negotiate a treaty.
It noted American independence.
<span>When quantity supplied exceeds quantity demanded at a given price</span>
Mid 1990 the economy entered a period of recession. By definition, a recession is " a period of temporary economic decline during which trade and industrial activity are reduced" (online dictionary). During this time jobs became scarce, taxes were increased for corporations and those with high incomes. Additionally, certain programs were cut in order to save money, NAFTA was put into effect between the United States, Mexico, and Canada. Programs like welfare were reformed. The federal minimum wage was increased which ended up affected about 10 million Americans. The average income per household increased to about 37,000.
Hopefully this helped you!
The correct answer is to protect domestic businesses.
When the US government puts a tax on an imported good (aka a tariff) they are trying to protect American businesses. The US government, when it passes tariffs, believe that the increased price of foreign goods with result in citizens buying goods from American made companies, as they will be similar in price or cheaper. This strategy has been used by the United States since the early 1800's and continues to be used as a means of protecting American businesses.
However, the succeess of these types of tariffs are mixed, as this usually results in a decrease in trade and an overall increase in price for consumer goods.
