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Essay text:
Before this new tariff, American companies could not compete with British goods that were flooding the market at extremely low prices. The drop in prices was brought about by a surplus created mostly by the Revolutionary War, in which British goods were stockpiled with nowhere to ship. So, when the war was over and trading once again was open between the United States and Britain, the British companies have to liquidate their excess supplies at ultra low prices; causing prices to fall far below the prices of American companies. For example, if there were two pairs of shoes with comparable quality, one made in America for $10...
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