Author Question: All of the following statements accurately describe pre-1763 British colonial policy except: a. ... (Read 64 times)

Chloeellawright · **on:** Jun 30, 2018

All of the following statements accurately describe pre-1763 British colonial policy except:
a. England discouraged western settlements in an effort to reduce conflicts between colonists and Native Americans.
b. English taxes imposed on colonists were much lower than the taxes imposed on English residents.
c. England passed certain laws designed to reduce colonial production of goods that duplicated popular English products.
d. Colonial governors and the Privy Council rarely used their veto power to overturn colonial laws.

Question 2

Which of the following statements most accurately describes the role of banks in the United States between the Civil War and WWI?
a. The U.S., which had the largest economy in the world, also had the largest banks in the world.
b. Banking reforms increased the ability of state banks to issue their own notes.
c. Compared to state banks, national banks generally had higher reserve requirements and more restrictions on how they could handle their assets.
d. Those who borrowed money at fixed interest rates gain significantly during deflationary periods.

tsternbergh47 · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

a. England discouraged western settlements in an effort to reduce conflicts between colonists and Native Americans.

Answer to Question 2

c. Compared to state banks, national banks generally had higher reserve requirements and more restrictions on how they could handle their assets.