export
(verb)
To ship goods and services out of the port of a country.
Examples of export in the following topics:
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The Mercantalist System
- Under mercantilism, nations sought to establish colonies to produce goods for export as a chief means of acquiring economic strength and power.
- A wide array of regulations was put in place to encourage exports and discourage imports, thereby increasing the nation's profit.
- A tariff was placed on imports and a bounty given for exports, while the export of some raw materials was banned completely.
- Among the provisions, the Acts required that any colonial imports or exports travel only on ships registered in England.
- The colonies were forbidden to export tobacco and sugar to any nation other than England.
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Economic Controls
- In July 1940, the Export Control Act was passed as a measure employed to avoid scarcity of critical commodities in a likely pre-war environment and to limit the export of materials to Imperial Japan.
- The act originated as a presidential proclamation forbidding the exporting of aircraft parts, chemicals, and minerals without a license, and was intended to induce Japan to curtail its occupation of the Indo-Chinese coast.
- The same year, the Office of Administrator of Export Control was established to administer the provisions of the act.
- The Board, chaired by Vice President Henry Wallace, aimed to strengthen economic international relations (through the control of imports and exports) andĀ supported the Allied war effort through procurement of strategic resources (including arms).
- Describe the role of the Office of Price Administration, the Office of Administrator of Export Control, and the War Production Board in controlling the U.S. economy during WWII.
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The Internationalization of the United States
- The internationalization of the United States has become apparent through the processes of free trade, outsourcing, exporting of American culture, and immigration.
- Free trade, which is a component of globalization, is a policy followed by many international markets in which countries' governments do not restrict imports from, or exports to, other countries.
- A 2005 report by the United Nations Educational, Scientific and Cultural Organization (UNESCO) showed that, while cultural exchange is becoming more frequent from Eastern Asia in recent years, Western countries are still the main exporters of cultural goods.
- The term "Americanization" is used to describe the exportation of American culture across the globe, a process related to a period of high political American clout and of significant growth of America's shops, markets, and objects being brought into other countries.
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The Economy of the Middle Colonies
- Because of the large grain exports resulting from this soil, the colonies came to be known as the Bread Basket Colonies.
- Pennsylvania became a leading exporter of wheat, corn, rye, hemp, and flax, making it the leading food producer in the colonies (and later states) between the years of 1725 and 1840 .
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The Calm Before the Storm
- The East India Company did not export tea to the colonies; by law, the company was required to sell its tea wholesale at auctions in England.
- British firms bought this tea and exported it to the colonies, where they resold it to merchants in Boston, New York, Philadelphia, and Charleston.
- The Indemnity Act of 1767, which gave the East India Company a refund of the duty on tea that was re-exported to the colonies, expired in 1772.
- This act restored the East India Company's full refund on the duty for importing tea into Britain and also permitted the company, for the first time, to export tea to the colonies on its own account.
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The Energy Crisis
- In October 1973, the members of the Organization of Arab Petroleum Exporting Countries, or the OAPEC (consisting of the Arab members of OPEC, plus Egypt and Syria), proclaimed an oil embargo "in response to the U.S. decision to re-supply the Israeli military" during the Yom Kippur War; it lasted until March 1974.
- This increase in the price of oil had a dramatic effect on oil-exporting nations, since the countries of the Middle East that had long been dominated by the industrial powers were seen to have acquired control of a vital commodity.
- The traditional flow of capital reversed as the oil-exporting nations accumulated vast wealth.
- Some of the income was dispensed in the form of aid to other underdeveloped nations whose economies had been caught between higher prices of oil and lower prices for their own export commodities and raw materials amid shrinking Western demand for their goods.
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A Growing Population and Expanding Economy in British North America
- By the late 17th century, Virginia's export economy was largely based on tobacco, and new, richer settlers came in to take up large portions of land, build large plantations, and import indentured servants and slaves.
- Finding a market for their goods in the British colonies of North America, Britain increased her exports to that region by 360% between 1740 and 1770.
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The Growth of the Cotton Industry
- Cotton soon became the primary export in the United States, and by 1860, on the eve of the Civil War, the southern states were providing two-thirds of the world's supply of cotton.
- Though cotton was primarily grown for export to Europe, this textile boom in New England created an important domestic market for southern cotton producers.
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The Spreading Conflict
- The word "boycott" had not yet been coined; colonists referred to their economic protests as, depending upon the specific activity, "non-importation", "non-exportation", or "non-consumption".
- It also threatened an export ban on any products from the American colonies to Britain, Ireland, or the West Indies, to be enacted only if the complained-of acts were not repealed by September 10, 1775.
- The Articles stated that the export ban was being suspended until this date because of the "earnest desire we have not to injure our fellow-subjects in Great-Britain, Ireland, or the West-Indies. "
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Confederate Finances
- Early in the war, the Confederate economy relied mostly on tariffs on imports and taxes on exports.
- In 1861, Southern planters agreed to a self-imposed embargo on cotton exports.
- The Union blockade greatly diminished the revenue from taxes on international trade and Southern cotton exports fell by 95%.