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The Canal was regarded as “The lifeline of the Empire” because it allowed for quick and easy access to the British colonies in Asia and Africa
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Others worked as artisans or in shipping and various trades in the city.also used in farming on Long Island and in the Hudson Valley, as well as the Mohawk Valley region. During the American Revolutionary War, the British troops occupied New York City in 1776.
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In economics, a free market is a system in which the prices for goods and services are self-regulated by buyers and sellers negotiating in an open market. In a free market, the laws and forces of supply and demand are free from any intervention by a government or other authority, and from all forms of economic privilege, monopolies and artificial scarcities. Proponents of the concept of free market contrast it with a regulated market in which a government intervenes in supply and demand through various methods such as tariffs used to restrict trade and to protect the local economy. In an idealized free-market economy, also called a liberal market economy, prices for goods and services are set freely by the forces of supply and demand and are allowed to reach their point of equilibrium without intervention by government policy.
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Answer: Winston Churchill gave a speech declaring that an “iron curtain” had descended across Europe, pointing to efforts by the Soviet Union to block itself and its satellite states from open contact with the West.