Emissaries from 23 nations (including the United states) sign the General Agreement on Tariffs and Trade, at the Palace of Nations, in Geneva, Switzerland. The purpose of GATT is to reduce “tariffs and other trade barriers and the elimination of preferences, on a reciprocal and mutually advantageous basis.”
NOTE: If two nations wish to lower tariffs between each other they are free to do so without the need for an international bureaucracy.
[restored 8/24/2022]
Subsequent Events:
Authority:
“Law of the Jungle”
ccc-2point0.com/preface
References:
Chalmers Johnson, The Sorrows of Empire: Militarism, Secrecy and the End of the Republic, (New York: Metropolitan, 2004), 259.
Calvin D. Linton, ed., The Bicentennial Almanac: 200 Years of America, 1776-1976, (Nashville, Tennessee: Thomas Nelson, 1975), 367.
General Agreement on Tariffs and Trade – Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/General_Agreement_on_Tariffs_and_Trade
Fiftieth Anniversary GATT – World Trade Organization – Home page
www.wto.org/english/thewto_e/minist_e/min96_e/chrono.htm
Current U.s. National Debt:
