Haitian rebellion was a revolt consisting of 10,000 slaves approximately against the tyrannical rule of France that lasted long 15 years, it concluded in 1789. It was significant and frightening to some because the Haitians defeated Napoleon Bonaparte's army and abolished slavery, becoming the only nation in the world established as a result of a slave revolt and the first Latin American country to successfully rebel against France rule.
France and other European powers feared that the black people's determination and success would serve as an example for others slaves and people under their dominion and tyrannical rule to rebel as well.
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Since free trade allows the business market to reach overseas outside their own nations, many business man seek to sell and cooperate with the other nation's business cooperation in order to expand their market and gain more profit. This urged the economy to become global with the economic exchange across countries.
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Answer:
The costs of passing a bill that prohibits child labor is precisely that all the labor that children could have provided for the economy is forgone. So in pure economic terms, there is a loss of value, a sunk cost.
However, the benefit is both economic, and social. The economic benefit is that children will instead go to school, and educate themselves to become more productive workers in the future. And the social benefit is a fairer society, and wealthier too.
