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What freed manufactures from restrictions on where factories could be built?
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∙ 6y ago
electricity
Caroline Cronin
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Why did American companies start moving their factories abroad in the 1990s?
Mostly because products could be made cheaper there usually as a result of much lower local wages.
Why did north experience a huge economic growth during the civil war?
Because the war set up a demand for all the goods that Northern factories and farms could supply.
What 6 reasons why countries impose trade restrictions?
Countries can impose trade restrictions for various reasons. First, tariff restrictions can be used as a source of revenue for governments. Second, tariff protections can be used on products that could put domestic producers at a disadvantage to foreign competitors. Third, restrictions can be placed if the government believes the imported product can harm public health or safety. Fourth, sanctions are placed on countries for political reasons. Fifth, governments can place restrictions to discourage the use of unethical practices. The sixth reason is to protect domestic jobs.
What are the limitations of commercial policy?
The limitations of commercial policy is that it places restrictions on international trade. The taxes levied could also be exorbitant and thus making the international trade almost impossible.
What economic practices that existed under manorialism would not exist under capitalism?
Answer choices would be helpful here.However, the general difference between mercantilism and capitalism is that mercantilism is more restrictive than capitalism. Mercantilism is the economic policy that a metropole should have a number of colonies that provide it material wealth, unrefined resources, and a market for its goods. As a result, according to mercantilism, the colonies were required to engage in two general behaviors: (1) The colonies were locked into exclusive trade between the colonies and the metropole and were not allowed to trade with any other nation or colony. (2) No manufactures or complex goods could be made in the colonial territory. As a result the colonies would provide wealth to the metropole by trading their natural resources for less than they would be worth and by buying manufactures for much more money.As a result, entrepreneurial colonists that wanted to make manufactures or to trade with other parties engaged in smuggling. This kind of smuggling disappears significantly when trade restrictions are lifted.
What was a major advantage of the steam powered factories over the water powered factories?
Steam-powered factories could be built in cities.
What major advantage of steam powered factories over water powered factories?
Steam-powered factories could be built in cities.
What was a major advantage of steamed-power factories over water-powered factories?
Steam-powered factories could be built in cities.
What was a major advantage of steam-power factories over water-powered factories?
Steam-powered factories could be built in cities.
What was a major advantage of steamed-powered factories over water-powered factories?
Steam-powered factories could be built in cities.
What was the major advantage of the steam powered factories over the water powered factories?
Steam-powered factories could be built in cities.
What a major advantage of steam powered factories over water -powered factories?
Steam-powered factories could be built in cities.
What was a major advantage of steam-powered factories over water-power?
Steam-powered factories could be built in cities.
How did the development of the steam engine most affect the location of factories?
Factories could be built away from rivers using this alternative source of power.
How did the invention of the steam engine change where factories could be built?
The steam engine freed factories from the water wheel, and James Watts double - acting rotative version was also used for pumping water out of mines, and powered locomotives. Factories could then be built almost anywhere, and could be closer to needed resources. Many moved closer to ports, to reduce haulage costs.
Why steam engine was so important?
The development of the steam engine allowed the Industrial Revolution to push forward in a way that would not have been possible without it. Prior to the invention of steam, factories could only be run by wind or water. This greatly limited where factories could be located. The number of factories that could be built were now limitless.
The steam engine meant that factories?
It meant that factories could be built anywhere.It allowed factories to work 24 hours a day and this began the invention of shifts and the work week. Weekends happened much later. They could also produce more products in shorter times leading to production methods used today.
