Britain's Main Strategy to Eliminate Competition in Trade, Especially in India

question 1

Multiple Choice

Britain's main strategy to eliminate competition in trade, especially in India, was to

• A)flood the market with cheap goods and drive competitors out of business.
• B)start a war, which Britain could win because of its superior navy.
• C)suppress all unionist activity that might cause an interruption of productivity.
• D)send all the Chartist reformers to Australia.
• E)send in saboteurs to destroy other countries' factories.

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Definitions:

Hamilton

A reference likely tied to Alexander Hamilton, an influential American Founding Father, or it might relate to the city of Hamilton in various countries; without context, a precise definition is difficult.

Material Breach

A significant violation or failure to comply with a contractual obligation, which allows the other party to terminate the contract.

Time is of the Essence

A clause in contracts that specifies that exact times and dates are crucial and non-adherence to them constitutes a breach of contract.

Strict Performance

A legal standard requiring parties to a contract to fulfill their obligations exactly as specified in the contract, without deviation or error.