Macon’s Bill No. 2 replaced the Non-Intercourse Act and reopened trade with Britain and France, but it provided that if either country agreed to respect American shipping, the US would cut off trade with the other.
President Bill Clinton signed the North American Free Trade Agreement (NAFTA) for the United States with Mexico and Canada. NAFTA eliminated most trade barriers among the three countries to create the largest free trade zone in the world.
The Columbian Exchange refers to the flow of people, animals, plants, and microorganisms between Europe and Africa, and the Americas. For American Indians, disease was the most significant effect of the exchange with as much as 90 percent of the Native population dying during the first century of interaction. For Africans and Europeans, the most important effect was the arrival of new American crops that increased food supplies significantly. This led to population explosions in Africa and parts of Europe, which fed migration from those...
The World Trade Organization (WTO) was established in 1995 as an international body charged with supervising world trading systems. With more than 140 member nations, the WTO establishes and enforces international trade agreements and works to liberalize trade and resolve disputes, create cooperation with global economic institutions, and bring developing countries into global trade. The WTO has also been subjected to criticism from those who oppose globalization and view its purposes as cultural imperialism.