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consumption

(Encyclopedia) consumption, in economics, direct utilization of goods and services by consumers, not including the use of means of production, such as machinery and factories (see capital).…

Federal Taxing Power Must be Restrained

Federal Taxing Power Must be RestrainedAbstractGeorge Mason of Virginia opposed the Constitution because it lacked a Bill of Rights, and centralized powers further than he felt it necessary.…

Magna Carta

(Encyclopedia) Magna Carta or Magna Charta [Lat., = great charter], the most famous document of British constitutional history, issued by King John at Runnymede under compulsion from the barons and…

Before the Revolution

1763 Treaty of Paris. Ended the Seven Years War 1764 Sugar Act. Parliament, desiring revenue from its North American colonies, passed the first law specifically aimed at raising…

Oliver Ellsworth: Landholder III

Landholder IIIEnergetic GovernmentOliver EllsworthNovember 19, 1787To the Holders and Tillers of Land.Gentlemen, When we rushed to arms for preventing British usurpation, liberty was the…

subsidy

(Encyclopedia) subsidy, financial assistance granted by a government or philanthropic foundation to a person or association for the purpose of promoting an enterprise considered beneficial to the…

Ricardo, David

(Encyclopedia) Ricardo, David, 1772–1823, British economist, of Dutch-Jewish parentage. At the age of 20 he entered business as a stockbroker and was so skillful in the management of his affairs that…

Ten Years War

(Encyclopedia) Ten Years War, 1868–78, struggle for Cuban independence from Spain. Discontent was caused in Cuba by excessive taxation, trade restrictions, and virtual exclusion of native Cubans from…