Commercial Law Quotes



There was much New England dissatisfaction with the disproportionate power held by the Southern states as a result of counting three-fifths of the slave population for apportioning Congressional seats. In addition they were disproportionately hurt by the War of 1812 and the Embargo on trade with England. Secession was proposed but failed to get a majority. A number of proposed Constitutional amendments were voted upon. The super-majority herein required would have diminished their vulnerability to Southern power.


There was, well before the American Revolution, a restriction on the importation of British goods into the American colonies. Partially this was to pressure Parliament to stop some of its most repressive lawmaking. But it also supported what had become a very lucrative protectionist monopoly of large American merchants. See {636861}.


Manava Dharma Shastra. Ancient Hindu India had what may well have been the most regulated mercantile economy of any society in history. All prices for all goods were to be set by the king. In order to prevent the stultifying effect of price controls, the Hindus required that the prices be reset very frequently to reflect various market conditions. It was a highly regulated form of capitalism. This text is a part of the Hindu Holy Texts. Hindus believe that Manu was a prophet whose text is revealed or inspired.