Regulate Trade

Definition

The term "regulate trade" refers to the ability of a central government to create and enforce laws related to commerce and business activities within its jurisdiction. Under the Articles of Confederation, the central government lacked the power to regulate trade effectively.

Analogy

Imagine you are playing a multiplayer video game where there are no rules or referees. Players can do whatever they want without consequences. This lack of regulation makes it chaotic and unfair for everyone.

Related terms

Interstate Commerce: This term refers to trade and commercial activities that occur between different states within a country.

Tariffs: Tariffs are taxes imposed on imported goods, often used as a means of regulating international trade.

Commerce Clause: The Commerce Clause is a section in the United States Constitution that grants Congress the power to regulate interstate commerce.