New England Old And New a Brief Review of Some Historical And Industrial Incide

Cover New England Old And New a Brief Review of Some Historical And Industrial Incide
New England Old And New a Brief Review of Some Historical And Industrial Incide
Boston Old Colony Trust Company
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Eliminating a Fighting Frontier Navigation A6ls 32 New England — Old and New By limiting the countries the colonies could trade with and the nationality of the ships by which the trade could be conduded, this law enabled the buyer of colonial produce to set the price.
By shutting out foreign competition it gave the English, Scotch, and Irish merchants a monopoly of the market. They could regulate the price at which goods were sold to the colonists. The result was low prices for colonial produds
... and high prices for imported goods.
In addition, a later law forbade any trade between the colonies and foreign countries or possessions. This restric- tive law, which aimed to give English ships monopoly in English trade, was not abolished till 1 849. Seeds of the Xhe Navigation Adls, annulling the charter of Massa- Revolution chusetts in 1648, the tyrannous rule and final overthrow of Sir Edmund Andros as Viceroy of New England, in 1689, the eredion of Massachusetts into a royal province which included Plymouth, Maine, and Arcadia, the Stamp Ad, the import duties — these were the seeds of the Revolution.


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