What Tools Do States Use in Regulating Trade with Other

question 24

Essay

What tools do states use in regulating trade with other states? What political-economic systems are most and least likely to impose strict regulations on trade?

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Definitions:

Foreign Trade

The exchange of goods, services, and capital between countries or territories.

War Of 1812

A conflict fought between the United States and the British Empire (and their respective allies), primarily over trade restrictions and maritime rights.

Internal Improvements

Government-funded projects to develop the nation's infrastructure, such as roads, bridges, and canals.

National Road

Also known as the Cumberland Road, it was the first major improved highway in the United States built by the federal government, stretching from Maryland to Illinois.