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Puerto Rico Alterations Clauses Oppressive Approach
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Although initially touted as an economic miracle, by the 1960s, Operation Bootstrap was increasingly hampered by a growing unemployment problem. As living standards and wages in Puerto Rico rose, manpower-intensive industries faced competition from outside the United States.
In 1947, Puerto Rico kicked off what became known as Operation Bootstrap?a development model based on luring mainland US businesses to the island to create manufacturing jobs.
By 1967, it estimated that manufacturing was producing $621 million for the island. [5] Evidently, Operation Bootstrap successfully industrialized the island. Perhaps more importantly, it successfully shifted the Puerto Rican economy's dependence from agriculture to industry in less than twenty years.
Law 21 prohibits a principal from terminating its agreement with an exclusive sales representative without just cause.
Distribution Law 75 is unique to Puerto Rico; few jurisdictions have enacted similar laws. Law 75 is a patriarchal law that regulates the relationship between principals and on-Island distributors. It creates a complex framework for business and commercial relationships that is unique to Puerto Rico.
Farming had been the primary economic venture in Puerto Rico for decades, but agriculture was no longer sustaining the island. Governor Marin, with the help of the U.S. federal government, initiated Operation Bootstrap in 1944 in order to transform Puerto Rico into a developed, industrialist economy.
The Jones Act prevents foreign-flagged ships from carrying cargo between the contiguous U.S. and certain noncontiguous parts of the U.S., such as Puerto Rico, Hawaii, Alaska, and Guam.
Puerto Rico is an unincorporated territory of the United States. Most but not all federal laws apply to Puerto Rico. In addition to the U.S. Constitution, which is the supreme law of the U.S., federal laws include statutes that are periodically codified in the U.S. Code.
Act 75 significantly constrains the relationship between a principal and its dealer by turning into a tort the unjustified termination, non-renewal, or impairment of a dealership contract.
Operation Bootstrap succeeded in creating industry in Puerto Rico. However, as industry increased, the labor workforce decreased. There were not enough jobs to replace those created by agriculture. This resulted in a mass migration of Puerto Ricans to the United States.