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High tariffs create protectionism, shielding a domestic industry's products against foreign competition. High tariffs usually reduce the importation of a given product because the high tariff leads to a high price for the customers of that product. There are two basic types of tariffs imposed by governments on imported goods.
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The American colonists protested the act, claiming that the British West Indies alone could not produce enough molasses to meet the colonies’ needs. Rum distilling was one of the leading industries in New England, and the act had the effect of raising the price of molasses there.
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Laissez-Faire economics is when the government doesn't get involved in the economic affairs of a nation.
Answer:The Gettysburg Address was the speech delivered by Abraham Lincoln at the dedication ceremony for the national cemetery at Gettysburg. In his speech he recognized and honored the effort of the fallen soldier in the American Civil War ongoing. His main purpose was to give American encouraging words to continue the war,...
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The Peloponnesian <span>War is the answer</span>
