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One of the main causes of the high price of tea in the American colonies was the monopoly held by the East India company. what is the effect?
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∙ 7y ago
The effect of the East India Company's tea monopoly was that it led to widespread discontent and resistance among the American colonists. This ultimately contributed to the growing tensions that would lead to the American Revolution.
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How did committees of correspondence fuel resistance to British rule?
They were formed by local governments throughout the Thirteen Colonies before the American Revolution. They rallied support for common causes and established plans of collective action against the British Crown. These committees helped to fuel the alliance between the Thirteen Colonies against British Rule.
Causes and effects of the boston massacre?
Conflicts between the British and the colonists had been on the rise because the British government had been trying to increase control over the colonies and raise taxes at the same time. The event in Boston helped to unite the colonies against Britain. What started as a minor fight became a turning point in the beginnings of the American Revolution. The Boston Massacre helped spark the colonists' desire for American independence, while the dead rioters became martyrs for liberty.
What were the causes of the American revoiution?
The Americans wanted independence from the british.
What prompted colonists to rebel in the mid 1700?
There is no one widely accepted cause of the American Revolution. Instead, there were several separate causes that eventually lead to war. These events included: The Boston Teaparty, The Quartering Act, The Stamp Act, and The Proclomation of 1763.
What were the causes the effects and the repercussion of the Boston tea party?
Causes: The East India Company imported tea to the colonies and charged a tax on the tea and to counter this smugglers imported Dutch tea to the colonies. They were able to charge less, but when the British tea LOWERED the tax the Dutch tea became more costly. This upset the smuggler's, one was Hamilton, so they decided to go after the tea ships. The fable about the Native American dressed Son's of Liberty is just that a fable. Result: The king was upset when he heard about the tea and closed the harbor of Boston. He also sent more troops into the Boston area which upset the colony. This in turn resulted in April 19, 1775 with the battles of Lexington and Concord, but it won't be until 1776 with the Declaration of Independence that the war will really start.
What were the three major causes of slavery prior to life in the American colonies?
debt, crime, and war
What are the Causes of monopoly?
A monopoly exists when a firm has total control over a particular product or service. Its causes include, government policy or regulations, integration (when to business merge), ownership of patents large, high sunk costs/start-up capital, and predatory actions by a company to exclude others. In addition, a government can give legal monopoly power to some business through nationalization or government awarded franchises and licenses.
What are some factors that can lead to a monopoly?
When one business or company dominates its area and squeezes out all its competition, the result is the consumer does not have a free choice, and inevitably the price of it's products or services...
Explain the disadvantages of a monopoly?
The person who holds the monopoly will have the option to control the situation to his own advantages & will have unfair advantage over others. This results in unfair competition. One of the solutions to this is granting limited monopoly to encourage creativity like Patents, designs, copyrights etc. The person who holds the monopoly will have the option to control the situation to his own advantages & will have unfair advantage over others. This results in unfair competition. One of the solutions to this is granting limited monopoly to encourage creativity like Patents, designs, copyrights etc.First, monopolies cause reduction of the quality of the products. In fact, the company that has a monopoly will buy the cheap primary materials to reduce the total cost of the products.Second, monopoly causes a reduction satisfaction of the customers. Because there is only one provider or producer, the customers have no choices and they are coerced to buy this product when they need it.Third, monopoly causes increased prices. Because there is only one company can provide or produce the product, the company can increase its prices to make the highest profit.Fourth, monopoly may cause many disadvantages for the employees of the company that has a monopoly. Actually, company can decrease the salaries for its employees because it wants to reduce its total cost.In conclusion, decreasing the qualities of the goods, decreasing the gratification of the consumers, uprising the prices and decreasing the advantages of the employees in the companies that have monopoly are the main negative effects of the monopoly.customer exploitationhigh pricesLower quality
What is monopoly and its causes?
Monopoly by definition is a kind of industry that a sole company is only working at present an example, in a city where there is only one supplier of electricity. This may be not beneficial for the country as a whole because in a monopolistic business, the government usually intervenes and set boundaries that somewhat limits the capacity of the company to accelerate more.
Explain how monopoly causes an inefficient allocation of resources when the competitive firm does not even when both seek to maximize profits?
Explain how monopoly causes an inefficient allocation of resources when the competitive firm does not even when both seek to maximize profit
What were the cause of the declaration of independence?
The causes of the Declaration of Independence was the increase in british troops in the thirteen colonies in America and a war, the American Revolution, that lasted about 5 years.
What would be reasons of government production of a private good like sugar?
The biggest causes for a government monopoly of a good are either reforming the company to rid of any mistakes they've made or reforming society under socialism/fascism.
What illegal economic function causes business firms to combine to prevent competition?
A cartel or monopoly causes business firms to combine to prevent competition.
What caused the American revolution?
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What were the causes and consequences of the American Declaration of Independence of 1776?
The cause of the Declaration of Independence was the laws and taxes that Britain forced on the colonies. The declaration listed the complaints of the colonists, and declared independence from England. The result was the American War of Independence, in which America was victorious.
What was the intolorable act?
A series of punitive laws that were passed by British Parliament in 1774, designed to punish the Massachusetts colonies for their defiance after the Boston Tea Party, were called the Intolerable Acts by the American Patriots. In England they were called the Coercive Acts. The acts took away Massachusetts self-government and historic rights, triggering outrage and resistance in the Thirteen Colonies, and were key causes in the outbreak of the American Revolution in 1775.
