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protection protection
protection practice of regulating imports and exports with the purpose of shielding domestic industries from foreign competition. To accomplish that end, certain imports may be excluded entirely, import quotas may be established, or bounties paid on certain exports. One method is to impose duties... Read more
sodium sodium
sodium a metallic chemical element; symbol Na [Lat. natrium ]; at. no. 11; at. wt. 22.98977; m.p. 97.81°C; b.p. 892.9°C; sp. gr. 0.971 at 20°C; valence +1. Sodium is a soft, silver-white metal. Extremely reactive chemically, it is one of the alkali metals in Group 1 of the periodic... Read more
Necessary and Proper Clause Necessary and Proper Clause
NECESSARY AND PROPER CLAUSE The specific powers and duties of the U.S. Congress are enumerated in several places in the Constitution. The most important listing of these powers is in Article I, Section 8, which identifies in 17 paragraphs the many important powers of Congress. The last paragraph... Read more
North American Free Trade Agreement North American Free Trade Agreement
North American Free Trade Agreement (NAFTA), accord establishing a free-trade zone in North America; it was signed in 1992 by Canada, Mexico, and the United States and took effect on Jan. 1, 1994. NAFTA immediately lifted tariffs on the majority of goods produced by the signatory nations. It also... Read more
soda soda
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tariff tariff
tariff tax on imported and, more rarely, exported goods. It is also called a customs duty. Tariffs may be distinguished from other taxes in that their predominant purpose is not financial but economic—not to increase a nation's revenue but to protect domestic industries from foreign... Read more
relative-importance value relative-importance value
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Townshend Acts Townshend Acts
Townshend Acts 1767, originated by Charles Townshend and passed by the English Parliament shortly after the repeal of the Stamp Act . They were designed to collect revenue from the colonists in America by putting customs duties on imports of glass, lead, paints, paper, and tea. The colonials,... Read more
committee committee
committee one or more persons appointed or elected to consider, report on, or take action on a particular matter. Because of the advantages of a division of labor, legislative committees of various kinds have assumed much of the work of legislatures in many nations. Standing committees are... Read more
U.S. Coast Guard U.S. Coast Guard
COAST GUARD, U.S. COAST GUARD, U.S., one of the armed forces of the United States and the principal federal agency for marine safety and maritime law enforcement. It operates under the Department of Transportation except when serving as a part of the navy. Congress established the... Read more

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