Question

In: Economics

1. What was the process whereby the economic policy of Mercantilism worked between England and her...

1. What was the process whereby the economic policy of Mercantilism worked between England and her American colonies?

a. Raw goods were produced in the colonies and shipped to England. Then England turned the raw goods into manufactured products and sold them back to the colonies for a tidy profit.

b. England produced raw goods with Native American slave-labor, shipped the raw goods to America and the colonists turned the raw goods into manufactured products.

c. Raw goods were produced in America, England and Africa. The people of all three continents then sold their raw goods to New France, where the factory culture of the Louisiana Territory produced cheap manufactured products for consumption.

d. Raw goods were produced in Africa, shipped to the American colonies in exchange for rum, and then England sold manufactured goods to the colonies in exchange for the African rum.

2. What was the result of the French & Indian war on the American Colonies?

a. The colonists rapidly expanded into abandoned French territory west of the Appalachian Mountians and generally lived in happiness.

b. The colonists considered Britain's new policy of direct rule (which limited the power of elected colonial legislatures) and new taxes (without a vote in Parliament) to be an attack on their natural rights.

c. Nothing changed at all for the colonists; things simply went back to normal after the soldiers left.

d. After being paid back by Britain for colonial involvement in the war, the colonists began to build a new infrastructure, including dams, railroads and steam-ships. This new infrastructure would quickly lead to American dominance in manufacturing, which would also lead to a desire for Independence from Great Britain.

3. How could one argue that the Crusades led to the eventual settlement of America by Europeans?

a. The Crusaders, in attempting to gain the "upper hand" over their eastern foe, discovered the Carribean Islands by pure coincidence during a strategic raid on the Muslim stronghold of Veracruz.

b. The Crusades were a series of wars that eventually ended with the Revolutionary War. Therefore the Crusades were directly involved.

c. The Crusades led to a holy war between Puritans and all other faiths. This war became so wide-spread, that eventually, one Puritan crusader ended up trying to carry it over to India by sailing West. The accidental discovery of America by this Puritan expedition led to the colony of Plymouth.

d. The Crusades resulted in lucrative land-based trade between China, India and Europe. When this trade was disrupted by plague and warfare, it was only natural for explorers to try and re-connect this trade by sea. The Americas were found by these European ocean-going explorers and were eventually settled.

4. Some ways in which the colonists rebelled against England between 1765-1775, leading to the War of Independence, included:

a. Instigating violence in Massachusetts by assaulting English soldiers or destroying the property of the East India Company.

b. Calling tax collectors "witches" and burning them at the stake.

c. Wealthy planters such as John Dickenson, calling the Stamp Taxes to be like death or slavery.

d. Colonial legistlatures called for the boycotting of English goods (thereby hurting the system of mercantilist trade).

Solutions

Expert Solution

1) Solution: Raw goods were produced in the colonies and shipped to England. Then England turned the raw goods into manufactured products and sold them back to the colonies for a tidy profit.

Explanation: England bought raw materials from the colonies and sold them manufactured products for a tidy profit.

 

2) Solution: The colonists considered Britain's new policy of direct rule (which limited the power of elected colonial legislatures) and new taxes (without a vote in Parliament) to be an attack on their natural rights.

Explanation: The American Colonies as a result of the French & Indian war considered the new policy of Britain's direct rule

 

3) Solution: The Crusades resulted in lucrative land-based trade between China, India and Europe. When this trade was disrupted by plague and warfare, it was only natural for explorers to try and re-connect this trade by sea. The Americas were found by these European ocean-going explorers and were eventually settled

Explanation: The Crusades lead to land-based lucrative trade between India, China, and Europe

 

4) Solution: Option a, c and d all were included

Explanation: The violence in Massachusetts; colonial legistlatures and wealthy planters resulted to rebelled of colonists against England between 1765-1775


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