Following World War II, the United States and other countries sought to liberalize trade among each other. The first major postwar step toward trade liberalization was the ______?
Answer: General Agreement on Tariffs and Trade Organization
Explanation
The first major postwar step toward trade liberalization was the General Agreement on Tariffs and Trade (GATT).
Established in 1947, GATT aimed to reduce tariffs and other trade barriers to encourage international trade.
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