Question

By the 1900s, did the U.S favor trade or protective trade?

Answer 1

The answer is yes, they did.

What is Protective Trade?

A protectionist trade policy allows the government of a country to promote domestic producers, and thereby boost the domestic production of goods and services by imposing tariffs or otherwise limiting foreign goods and services in the marketplace.

What is Protecting Trade?

Protectionism refers to government policies that restrict international trade to help domestic industries. Protectionist policies are usually implemented with the goal to improve economic activity within a domestic economy but can also be implemented for safety or quality concerns.

Answer 2

Step-by-step explanation:

During the 1900s, the United States generally favored protective trade policies, particularly in the early part of the century. This was a time when many industrialized countries, including the U.S., were using tariffs and other measures to protect their own domestic industries from foreign competition. The goal was to create a "level playing field" for domestic businesses and to promote economic growth and stability. However, there were also periods of increased trade liberalization, such as after World War II with the establishment of the General Agreement on Tariffs and Trade (GATT) and later the World Trade Organization (WTO). Overall, the U.S. has shifted between protectionism and trade liberalization over the years, depending on economic conditions and political priorities.