Several Instances of U

question 129

Essay

Several instances of U.S. agreements with its trading partners to limit their exports to the United States have come under the category of "voluntary export restraint agreements." What are these and why do nations engage in them? Give at least one example.

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Definitions:

Nathanael Greene

A major general of the Continental Army in the American Revolutionary War, who was known for his successful command in the Southern Campaign, forcing British Lieutenant General Cornwallis to abandon the Carolinas and head for Virginia.

Southern Campaign

A phrase often used to describe a series of battles in the southern states during the American Revolutionary War that were crucial to the eventual American victory.

Loyalists

Colonists in America who remained loyal to the British crown during the American Revolutionary War, opposing independence.

Articles of Confederation

The first constitution of the United States, ratified in 1781, which established a loose federation of states with limited central government power, eventually replaced by the U.S. Constitution due to its inefficacy.