What does the term "Right of Deposit" refer to in the context of American trade?

The term "Right of Deposit" specifically refers to the ability for traders to unload their goods at a particular port without having to pay duties or tariffs. This concept was particularly significant for American merchants in the early years of the nation, especially concerning trade along the Mississippi River. The right was critical for the shipping and transportation of goods, as it allowed traders to temporarily store or transfer their cargo without incurring additional costs, thus promoting trade efficiency and economic growth.

In the historical context of the United States, the Right of Deposit was famously associated with the Treaty of Paris (1783) and later negotiations with Spain over access to the port of New Orleans. This was vital for western farmers who relied on the Mississippi River for transporting their goods to market. The loss of this right would have severely hindered trade and economic activities, making it a key point of contention in early American politics.