Charleston, South Carolina, has often been referred to as the Boston, Massachusetts of the 1770s. How can that comparison be explained?

the northwest ordinance of 1787 guaranteed basic rights for settlers and banned slavery there.

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.

basically means the stoc market is going down since   dow is one of the most sucessful buiness it would be a tragedy for it to go down and it ensures the ruinty of the stock market

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