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What Are Rate Fences? Provide Examples to Aid Your Explanation

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What are rate fences? Provide examples to aid your explanation.


Definitions:

Netherlands

A country located in Northwestern Europe, known for its flat landscape, canals, tulip fields, windmills and cycling routes.

Tobacco Plantations

Large agricultural estates specifically dedicated to the cultivation of tobacco as a cash crop, historically significant in the American South.

Chesapeake Region

An area in the United States surrounding the Chesapeake Bay, known for its unique cultural heritage, history, and environmental significance.

Mercantilism

An economic theory and practice prevailing in Europe from the 16th to the 18th century, promoting governmental regulation of a nation's economy for the purpose of augmenting state power at the expense of rival national powers.

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