USA HISTORY

CONTEMPORARY AMERICA 1992 2013

BILL CLINTON

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Bill Clinton passed NAFTA in his 1st term to help the economies in ____ ____ grow.
A
North America
B
South America
C
Europe
D
Africa
Explanation: 

Detailed explanation-1: -The Clinton administration, which signed NAFTA into law in 1993, believed it would create 200, 000 U.S. jobs within two years and 1 million within five years because exports play a major role in U.S. economic growth.

Detailed explanation-2: -North American Free Trade Agreement (NAFTA) established 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.

Detailed explanation-3: -He criticized the role of Rahm Emanuel in particular for the deficiencies. The U.S. required its partners to adhere to environmental practices and regulations similar to its own. Clinton signed it into law on December 8, 1993; the agreement went into effect on January 1, 1994.

Detailed explanation-4: -Some of the positive effects of NAFTA were increased trade, economic output, foreign investment, and better consumer prices. U.S. jobs were lost when domestic manufacturers relocated to lower-waged Mexico, which also suppressed wages in U.S. manufacturing plants.

There is 1 question to complete.