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balance of trade

(Encyclopedia)balance of trade, relation between the merchandise exports and imports of a country. The concept first became important in the 16th and 17th cent. with the growth of mercantilism. Mercantilist theoris...

fur trade

(Encyclopedia)fur trade, in American history. Trade in animal skins and pelts had gone on since antiquity, but reached its height in the wilderness of North America from the 17th to the early 19th cent. The demand ...

free port

(Encyclopedia)free port, port, or section of a port, exempt from customs regulations (see tariff). Goods may be landed at a free port for storage and handling, and they may even be processed into manufactured goods...

Natives, North American

(Encyclopedia)Natives, North American, peoples who occupied North America before the arrival of the Europeans in the 15th cent. They have long been known as Indians because of the belief prevalent at the time of Co...

General Agreement on Tariffs and Trade

(Encyclopedia)General Agreement on Tariffs and Trade (GATT), former specialized agency of the United Nations. It was established in 1948 as an interim measure pending the creation of the International Trade Organiz...

North American Nebula

(Encyclopedia)North American Nebula, bright diffuse nebula in the northern constellation Cygnus about 1000 light-years away; cataloged as NGC 7000. It has a configuration resembling parts of Canada and the United S...

North, Sir Dudley

(Encyclopedia)North, Sir Dudley, 1641–91, English merchant and economist. Agent for the Turkey Company in Constantinople from 1662 to 1680, he returned to England a wealthy man and was commissioner of the customs...

trade winds

(Encyclopedia)trade winds, movement of air toward the equator, from the NE in the Northern Hemisphere and from the SE in the Southern Hemisphere. The trade winds originate on the equatorial sides of the horse latit...

World Trade Organization

(Encyclopedia)World Trade Organization (WTO), international organization established in 1995 as a result of the final round of the General Agreement on Tariffs and Trade (GATT) negotiations, called the Uruguay Roun...

Free State

(Encyclopedia)Free State, formerly Orange Free State, province, 50,126 sq mi (129,825 sq km), E central South Africa. It was renamed Free State shortly after the 1994...