This chapter is full of information regarding how our economy trades around the world. Learning about the World Trade Organization was interesting. They are composed of multiple organizations, not just one. These were formed through a compromise called GATT. GATT is known for putting restrictions on tariffs and quotas. After World War II, WTO was created to help create a better free trade around the world. This also helps make rules and regulations for trading. Countries are responsible of how they act when trading. More to come on my next blog.