What important waterway was opened with the erie canal

It was the waterway that connected  Hudson River on the east and Lake Erie at the western end.

Initially, the waterway was intended to granted acess for traders in new york to distribute and obtain goods that come through the atlantic ocean. But because of the budget suddenly become ridiculously overpiced, the building of this cana often referred to as 'Clinton's folley' (De witt Clinton was the name of the man who led the project)

trade regulation is a field of law, often bracketed with antitrust (as in the phrase “antitrust and trade regulation law”), including government regulation of unfair methods of competition and unfair or deceptive business acts or practices. antitrust law is often considered a subset of trade regulation law. franchise and distribution law, consumer protection law, and advertising law are sometimes considered parts of trade regulation law.

in general the theory of economics says that the more open to trade a country is the better   the result for the same country and the whole economies.

in real life countries impose taxes, quotas, etc which is not so good for the economies.

this kind of commercial war between the usa and china is slowing down the growth of the whole world so we can say that it is a draw back of trade regulations. and the free trade agreements are benefits of trade regulations.

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