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reciprocal trade agreement

(Encyclopedia)reciprocal trade agreement, international commercial treaty in which two or more nations grant equally advantageous trade concessions to each other. It usually refers to treaties dealing with tariffs....

Underwood, Oscar Wilder

(Encyclopedia)Underwood, Oscar Wilder, 1862–1929, American political leader, U.S. Senator from Alabama (1915–27), b. Louisville, Ky. A lawyer in Birmingham, Ala., he became important in Democratic party politic...

Wilson, William Lyne

(Encyclopedia)Wilson, William Lyne, 1843–1900, American legislator, cabinet member, and university president, b. Jefferson co., Va. (now in W.Va.). He was a private in the Confederate army in the Civil War, and a...

McCumber, Porter James

(Encyclopedia)McCumber, Porter James, 1858–1933, American political leader, b. Crete, Ill. He began law practice in North Dakota and served (1885–89) in the territorial legislature. From 1899 to 1923 he was a R...

International Trade Commission, United States

(Encyclopedia)International Trade Commission, United States, independent agency of the U.S. government established in 1916 as the Tariff Commission; renamed International Trade Commission in 1975. It is charged wit...

Dingley, Nelson

(Encyclopedia)Dingley, Nelson dĭngˈlē [key], 1832–99, U.S. congressman (1881–99), b. Durham, Maine. For many years the editor of the Lewiston (Maine) Journal, he was also a state official, serving as governo...

nullification

(Encyclopedia)nullification, in U.S. history, a doctrine expounded by the advocates of extreme states' rights. It held that states have the right to declare null and void any federal law that they deem unconstituti...

dumping

(Encyclopedia)dumping, selling goods at less than the normal price, usually as exports in international trade. It may be done by a producer, a group of producers, or a nation. Dumping is usually done to drive compe...

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