An embargo is the prohibition of commerce and trade with another country.
2006-07-09 19:57:51
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answer #1
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answered by Curious1usa 7
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In international commerce and politics, an embargo is the prohibition of commerce and trade with a certain country.
It is usually declared by a group of nations against another one, in order to isolate it and to put its government into a difficult internal situation, given that the effects of the embargo are often able to make its economy suffer from the initiative.
The embargo is usually used as a political punishment for some previous disagreed policies or acts, but its economical nature frequently leaves enough space for doubts about the real interests that the prohibition gives advantage to.
One of the most comprehensive attempts at an embargo happened during the Napoleonic Wars. In an attempt to cripple the United Kingdom economically, the Continental System which forbade European nations from trading with the UK was created. In practice it was not completely enforceable and was as harmful if not more so to the nations involved than to the British.
Although the law of the United States does not prohibit participation in an embargo, it does prohibit participation in a secondary embargo. This occurs when one country pressures a business to stop doing business with a third country over issues which the business is not directly involved. Not only is an American business required not to participate in a secondary embargo, but is also required to report all attempts to get a business to participate in a secondary embargo. The situation which led to these laws are attempts by Arab countries to prevent American companies from doing business with Israel.
2006-07-09 18:12:47
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answer #2
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answered by Amy 5
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, an embargo is the prohibition of commerce and trade with a certain country.
It is usually declared by a group of nations against another one, in order to isolate it and to put its government into a difficult internal situation, given that the effects of the embargo are often able to make its economy suffer from the initiative.
The embargo is usually used as a political punishment for some previous disagreed policies or acts, but its economical nature frequently leaves enough space for doubts about the real interests that the prohibition gives advantage to.
2006-07-09 18:09:13
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answer #3
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answered by song no one singz 2
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em�bar�go �audio� (m-b�rg) KEY �
NOUN:
pl. em�bar�goes
1. A government order prohibiting the movement of merchant ships into or out of its ports.
2. A prohibition by a government on certain or all trade with a foreign nation.
3. A prohibition; a ban: an embargo on criticism.
2006-07-09 18:10:44
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answer #4
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answered by jadeaaustin 4
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Its the new name for Sprint
2006-07-09 18:12:22
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answer #5
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answered by Anonymous
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trade sanctions
2006-07-09 18:10:10
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answer #6
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answered by /\ 3
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to freeze everything ?
2006-07-09 18:09:22
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answer #7
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answered by the_silverfoxx 7
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