When the colonies obtained independence they were no longer bound by a number of English laws, including the Navigation Acts. What best describes the impact of the removal of the Navigation Acts for commodities that were imported from Europe via England?

Question

Quizplus · Accepted Answer

The removal of the Navigation Acts allowed for more direct trade routes and sources for commodities, increasing the supply of these goods. This shift out in the supply curve would naturally decrease the price of these commodities and increase the quantity available to consumers, as trade restrictions were lifted and competition increased.

When the Colonies Obtained Independence They Were No Longer Bound