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Identify and state the historical significance of Richard Montgomery.
American Firms
Companies that are based in the United States and subject to U.S. laws and economic policies.
General Agreement on Tariffs and Trade (GATT)
The international agreement reached in 1947 in which 23 nations agreed to eliminate import quotas, negotiate reductions in tariff rates, and give each other equal and nondiscriminatory treatment. It now includes most nations and has become the World Trade Organization.
World Trade Organization
An international organization that regulates international trade and ensures that trade flows as smoothly, predictably, and freely as possible.
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