The Sugar Act reduced the rate of tax on molasses from six pence to three pence per gallon, while Grenville took measures that the duty be strictly enforced. The act also listed more foreign goods to be taxed including sugar, certain wines, coffee, pimiento, cambric and printed calico, and further, regulated the export of lumber and iron.
There are three main structural branches of the United States government. The executive branch, consisting of the president and his agencies and office, the legislative branch, which is the congress, and the Judicial branch which consists of all the courts and the supreme court at the top. They balance each other's powers out and build the US government.
Historically, there were three highly important documents when it came to the government. Articles of confederation, which established something like the first form of government that existed, then the US constitution, which is still used today and established how the government will actually work, and the Bill of rights, which was a set of amendments that established personal rights and freedoms.
The guiding principles of the US government are establishing democratic rule and peaceful transitions of government officials, while enabling free market economy and protecting people's rights which are mentioned in the declaration of independence as the unalienable ones, the rights to life, liberty, and the pursuit of happiness.
The Clayton Antitrust Act<span> is an amendment passed by U.S. Congress in 1914 that provides further clarification and substance to the Sherman </span>Antitrust Act<span> of 1890 on topics such as price discrimination, price fixing and unfair business practices.</span>
Answer:
Oil
Explanation:
When overproduction occurred, it create a situation when the stock of the products far outnumbered the amount of people who are wiling to buy it. As a response, sellers started to reduce the price of the oil in order to make consumers more interested to buy it.
This caused a massive fall in oil price during the 1930s. Before the over production, the cost of oil at that time was around $ 1.88 / Barrel. After the overproduction, it became around 65 cents per barrel .
