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Protectionist legislation is law created by elected officials to protect business in their country. The "protection" usually targets a specific industry to either increase exports or decrease imports. The legislation may be a tariff, earning the federal government money by placing fees on specific imports. The legislation, if truly needed, may come too late in fast business cycles to save jobs. Conversely it the legislation is unneeded lobbyists gain protection against foreign competitors. Nations tend to reciprocate tariffs, and laws of this kind divert the free market away from countries with unreasonable tariffs.
The protection of domestic commerce may also be referred to as relief for troubled or essential industries or isolationist legislation (not to be confused with consumer protection such as poison warning labels.)
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What are rules that enforce legislation called?
Federal regulations are the specific laws or rules that are developed to enforce major legislation enacted by congress. Such legislation is referred to as "enabling legislation" because it enables or gives regulatory agencies the authority and responsibility to create regulations to administer and enforce the legislation.
What kind of legislation does the US Constitution establish?
The US uses a two part legislation or a "two house legislation": House of Representatives, and Senate.
Which house of congress has the right to initiate legislation?
Either house can initiate most legislation, but only the House of Representatives can initiate legislation for generating revenue.
What issue did Daniel Webster and Robert hayne argue in the Webster-hayne debate?
Hayne, a politician during Jackson's presidency, raised many issues about State's rights and Slavery. Some of his comments revolved around the tariff of 1828. He said the Tariff, "was producing a spirit of jealousy and distrust" (Meacham 127).
What was not specifically aimed at helping American woman?
Bilingual education legislation
When did Protectionist Party end?
Protectionist Party ended in 1909.
When was Protectionist Party created?
Protectionist Party was created in 1889.
When was Protectionist Party - Sweden - created?
Protectionist Party - Sweden - was created in 1902.
What is the protectionist party known as today?
From 1909 until 2009, the Protectionist Party did not exist. There was no longer a need for its protectionist policies. However, the Australian Protectionist Party re-formed in 2009, planning to register as a political party to contest the next federal election. To date (September 2009) it has not yet gained enough members in order to be able to register as a political party, and campaigning is continuing. See the related link for up-to-date information on the new Australian Protectionist Party.
What is an example of a protectionist trade policy?
An example is a protectionist trade policy would be a tariff on imports, or quotas on the volume of imports.
When did Edmund barton join the protectionist party?
1888
Why was Charlemagne so great?
he was a protectionist as far as Christianity was concerned.
What allowed China to emerge?
One little crack in their protectionist shell, and there they are!
The government limits the number of foreign cars that can be sold in the US.?
protectionist policy
Best explains the purpose of protectionist trade policies such as tariffs and subsidies?
nnnnnnnn
What are protectionist trade policies designed to do?
Protectionist trade policies are designed to shield domestic industries from international competition by imposing barriers such as tariffs, quotas, and subsidies. The main goal is to protect local jobs, industries, and markets from foreign competition and to support economic growth and stability within the country.
When the Australian economy was based on import-substitution manufacturing?
protectionist policies were emphasized
