The consumer is forced to pay higher prices for goods. The producer is allowed to operate inefficiently and the consequent waste of resources is allowed to continue, raising prices higher. Ultimately, domestic businesses are hurt. If we refuse to buy from foreign countries, they are unable to buy from us. Thus, we end up losing some of our best customers.
Neocolonialism continues through the practice of foreign aid .
We give money to smaller, undeveloped countries upon condition that they buy American goods from American corporations. The second economic issue that led to the War was that of the coinage of money. The colonies were in effect, independent countries and, as such, had the right to coin their own money. This was opposed by Britain to prevent the colonies from accumulating capital and developing economically. Thus, each time a law was passed for the coining of money, the King vetoed it.