U.S. Trade Policy

U.S. Trade Policy How have the major U.S. trade policies changed since the inception of international trade? Research the policies covered on Page 1 of the Module 4 lecture and provide a historical overview of each. What are the current benefits and drawbacks of each in the global trade environment? Your paper should be 4-6 pages in length, not including the title or reference pages, and conform to CSU-Global Guide to Writing and APA Requirements. Include at least three academic peer-reviewed journal article references in addition to the course textbook. The CSU-Global Library is a good place to find these references. Interactive - Permanent Title: Module 4, P1 – Course: ECN500 Type: Timeline Item Title: Protectionism Item Content: Protectionism in the early national period in the United States with the objectives of gaining revenue for the government and protecting domestic industry Item Title: Tariff of Abominations Item Content: The Tariff of Abominations and North-South differences with respect to tariffs versus liberalized trade Item Title: McKinley and Kingley Tariffs Item Content: The McKinley and Kingley Tariffs and the argument that cheap foreign labor caused inflows of goods that were not beneficial to the national economy Item Title: Smoot Hawley Tariff Item Content: The Smoot Hawley Tariff and why this was a bad idea during a recession/depression Item Title: 1934 Reciprocal Trade Agreements Item Content: Restoration of trade with the 1934 Reciprocal Trade Agreements and associated wave of trade liberalization Item Title: General Agreement on Tariffs and Trade (GATT) & World Trade Organization (WTO) Item Content: Movement toward systematic multilateral liberalization under the General Agreement on Tariffs and Trade (GATT) beginning in 1947 and the World Trade Organization (WTO) beginning in 1995