Explore the essentials of the Jones Act, the U.S. federal law that dictates maritime commerce regulations, articulating its influence on domestic shipping and its economic impact on regions like Puerto Rico.
Dive deep into the Smoot-Hawley Tariff Act of 1930, its impact on the Great Depression, and why it’s considered one of the worst economic decisions in U.S. history.
Explore the concept of autarky, its historical significance, real-world applications, and the economic implications of a nation's self-sufficiency.
Explore the nuances of the Infant-Industry Theory, its historical background, and its implications for developing economies needing protection in global markets.
Explore the definition of quotas, how they function as trade control measures, and their impact on international trade and domestic markets.
Learn what a trade war is, how it affects global trade, the historical context, and the implications of these economic battles in modern times.
Explore the principles of Mercantilism, a predominant economic system from the 16th to the 18th century, focusing on its goals, strategies, and historical context.
Explore the concept of Protectionism, its mechanisms like tariffs and quotas, and its impact on global trade and domestic economies.
