When the price of a product increase ?

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the industrial revolution pushed the world into modern industrialization. it changed the course of history profoundly. it caused rapid urbanization and pushed cities and countries into development. the industrial revolution began in great britain with a series with new inventions which led to the creation of machines and mass production.

this caused the country to gain wealth and money and become an international superpower. it improved transportation and manufacturing inside the country, pushed people to live in urban areas and britain to become the most powerful nation in the world for a while.

1. the townshend acts of 1767 “threaten the country with poverty and ruin.”

at a town meeting held at faneuil hall in boston on october 28, 1767, boston freeholders and residents discussed the implications of the brutal townshend acts levied against the colonists. the townshend acts were a set of four acts passed by the british parliament in the summer of 1767 in order to generate revenue for the crown (through duties on goods such as lead, glass, paper, and tea) as well as exert british control over the increasingly rebellious colonists.

during the oct. 28 meeting, the bostonians found:

the excessive use of foreign superfluities is the chief cause of the present distressed state of this town, as it is thereby drained of its money: which misfortune is likely to be increased by means of the late additional burthens and impositions on the trade of the province, which threaten the country with poverty and ruin.

as a result, the citizens unanimously voted to boycott all british-made goods.