Seven Years War and How it Affected the British Colonies in North Research Paper

Seven Years War and How it Affected the British Colonies in North America and What Were the Policy Changes After 1763 - Research Paper Example However, at the end of this war several challenges faced Britain (Rickard Web). This paper seeks to discuss Seven Years War and how it affected the British Colonies in North America and what were the policy changes after 1763. Influence to the Colonies Britain started to assess the relationship it had with the colonies. This did not take place before the war, but success of war prompted Britain to take this initiative. British authority thought of colonies as subject to authority of the king and parliament. Consequently, colonial assemblies were given authority to supervise the implementation of directives from royal governors in the colonies (Henretta and Burke Web). Additionally, Britain failed to put its laws in these colonies. For example, the molasses Act of 1733 was not implemented. This required the colonist to pay taxes on import from West Indies under French authority. This was because there was huge profit that Britain was generating from the colonies (O'Brien 125). Consequ ently, colonist gained both political and economic autonomy. However, the colonies were sometimes uncooperative to royal directives (Henretta and Burke Web). According to Knopf, â€Å"The success of Britain in the war increased its American control to a size that was challenging to any European metropolis to exercise control† (Knopf Web). ... Consequently, Britain was faced with huge debt. Compounding British financial woes was uprising calling for tax relief due to bulging taxes for those living in British Isles. There was also a negative response by Indians living in areas formerly under the French dominance. Actually, there was suspicious relation between Great Britain and tribes in Ohio and the great lakes region. They had established a cordial relationship with French settlers before. However, after French and its allies defeat, British settlers started to inhabit this region. This was rampant in the Appalachian mountain where there was rich agricultural land. As a result, the Indian viewed these settlers from another perspective that was not pleasing to them (O'Brien 125). In addition, Major General Jeffrey Amherst contributed to a tense relationship between the Indians and British in the culmination of the War. During the war, a considerable support was given to British by Indian tribes. As a result, British gave v arious gifts to their leaders. However, this was terminated after a successful termination of the war. General Amherst considered these tribes as inconsequential as he no longer needed their support. Trading links were also severed with Indians. Furthermore, the Indians felt that British were treating them as subjects rather than their allies. Digital History notes, â€Å"The colonist’s encroachment of Indian land was a source of frontier retaliation in the form of Pontiac’s uprising† (Digital History Web). The Pontiac revolution led various Indian tribes against British forces and settlers. This was a protracted war seeking to reduce British dominance. A number of British soldiers were killed, while settlers fled to safer locations in the eastern side. Challenges

Principles of Economics Essay Example | Topics and Well Written Essays - 1000 words

Principles of Economics - Essay Example Q1. You own a local sub shop in a college town. You primarily serve two groups of people: local residents (both students and other local residents) and visitors to your town. Devise a price discrimination strategy that will increase your revenues compared to a single-pricing strategy. A1. Although, there may be a plethora of available price discrimination policies for a variety of different businesses, for a fast food eatery there are a number of simplistic strategies that could be employed to help increase revenues over a single price strategy. Firstly, the sub shop could advertise students to 'show their student card' for a predetermined discount. As for other residents fliers could be distributed to the houses in the community with a 'customer loyalty card attached'. These loyalty cards could also be presented for a predetermined discount. As visitors passing through the town would not have access to these types of identification they would be charged full price. According to Tutor2u (2011) this strategy would accomplish charging a higher price for an identical good (In this case food) for a reason that is not associated with an increase in costs. Q2. Suppose the cable TV industry is currently unregulated. However, due to complaints from consumers that the pric e of cable TV is too high, the legislature is considering placing a price ceiling on cable TV below the current equilibrium price. If the government does make this price ceiling law, diagram and explain the effects with supply and demand analysis. If the cable TV company is worried about disgruntling customers, suppose that the company may introduce a different type of programming that is cheaper for the company to provide yet is equally appealing to customers. Explain what would be the effects of this action. A2- In this example, if the government were to impose a price decrease from Price $(A) to Price $(B) this would naturally drive the demand from its Equilibrium level to a level of Q(B). However, the cable company may not want to provide all of this excess service to new customers (Owing to high costs associated with new cable lines etc) so it is likely that this government imposed decrease in price would be driven from Equilibrium to Q(A) resulting in a shortage of supply. Nat urally, this action would enrage customers. What the company may choose to do is offer a price discrimination strategy wherein they could charge the new government imposed low price for a basic service cable service and continue a higher price strategy for a more premium service. Q3. Consider a perfectly competitive market. Analyze and explain in detail using graphical tools to show what you expect to happen to the number of firms and firm profitability in the short run and long run a) if demand for the product falls and b) if demand for the product rises. A3. As you can see from the above graph, if in a perfectly competitive market the quantity demanded for a product increases the demand curve will shift to the right and the price of a good will increase in the short term (Which would have a positive effect on the profitability of a firm). However, because the market is perfectly competitive more players would enter this market which would effectively drive the price down until its original equilibrium was once again attained. However the opposite could also hold true, insofar as if the demand for a good decreases the price of goods would also decrease (Which would have negative consequences for firms operating in this market). At this point several firms would no longer compete in this market and the quantity of goods supplied would decrease which would drive the price of goods back to its original position. Q4- Discuss why some long-run average cost curves are steeper on the