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because they are able to use the laws of english credit established by Victor Newman in 1659. These laws are:
1) Englishmen are capable of transfering all of up to 15% of their credit debt to any colonist (American) that they have previously been in contact with.
2) Whenever an English merchant is in debt due to a business that he or she owns, they are allowed to choose any colonist (American) that they have had previous contact with to pay up to 30% of their debt for them.
3) Any English merchant is allowed to take up to 40% of any colonist's (American) merchandise if and only if the englishman taking the merchandise is under 20% of his usual profit on his business.
These laws were also one of the many reasons why the Americans eventually revolted. These laws still exhist today becuase of the agreement that was made between the british and the americans after the revolutionary war. These laws are hated widely by informed Americans today. These laws are not tought in schools because the government is fearful that the american people will believe that the british still have control over america.
What else can I help you with?
What caused English colonists to begin looking for new places to trade their goods?
what caused the english colonists to begin looking for a new place to trade because the english laws controlled trade with its colonies however many merchants began to ignore the english law
What cause English colonists to begin looking for new places to trade their goods?
what caused the english colonists to begin looking for a new place to trade because the english laws controlled trade with its colonies however many merchants began to ignore the english law
What caused englished colonists to begin looking for new places to trade their goods?
what caused the english colonists to begin looking for a new place to trade because the english laws controlled trade with its colonies however many merchants began to ignore the english law
Who were the wealthiest colonists on the eve of the American Revolution?
Merchants
How long did the pilgrims work to pay for their Mayflower voyage?
nthe Separatists contracted with a group of English merchants. The merchants recruited other colonists to supplement the small group & to provide needed skills for the new colony. The colonists agreed to send fish, timber and fur back to England for seven years to pay off their debts.
Why do merchants prefer credit cards over check?
Merchants prefer credit cards over checks because it is safer and more profitable for them. Merchants are paid by the issuing bank of the credit card, so they are assured of being able to collect from the customers.
What is a Merchants account Credit card?
A merchants account credit card is a special type of credit card that is issued from a merchant acquiring bank. These credit cards allow a vendor or business to accept payments from customers using a credit card.
How did colonists get English merchants to join to fight the stamp act of 1765?
Colonists opposed the Stamp Act of 1765, which imposed a tax on printed materials, and sought to rally English merchants to their cause by highlighting the negative economic impact the act would have on trade. They organized boycotts of British goods, emphasizing that reduced sales would hurt merchants financially. Additionally, colonial leaders communicated the widespread resistance to the tax, encouraging merchants to align with the colonies in rejecting the Stamp Act to protect their own economic interests. This strategy ultimately helped foster a transatlantic alliance against the tax.
What are some of the most popular credit cards accepted by merchants and why?
Some of the most popular credit cards accepted by merchants are Chase, Discover, Visa and Master cards and the reason why they are the most popular is because they are the largest credit card companies and are accepted by most merchants.
Do all credit card merchants offer reward programs?
"Credit card merchants offer varying rewards programs. This includes some merchants who do not offer any rewards programs, but instead offer lower rates."
What advantage did English and Dutch merchants have over the Portuguese merchants?
The English and Dutch merchants had more powerful and faster ships, joint-stock companies and cheaper ships.
What languages were spoken by British colonists?
They spoke English.
