The Second Quiz

1. The Second Quiz Review

2. What did the first Continental Congress actually accomplish?

3. What did the first Continental Congress actually accomplish? They wrote the Declaration of Rights and Grievances and proved that the colonists could work together and forget their differences.

4. What is mercantilism?

5. What is mercantilism? Dominant form of economics in the 1500s, the idea that European nations prospered when their treasuries were full of precious metals and when they exported more than they imported.

6. Which colonies were owned by a single person and governing officials were appointed by the King?

7. Which colonies were owned by a single person and governing officials were appointed by the King? Proprietary Colonies, Pennsylvania and William Penn are an example.

8. Which royal act required the colonists to pay tax on legal documents?

9. Which royal act required the colonists to pay tax on legal documents? The Stamp Act of 1765

10. What does competition do for an economy? Especially ours.

11. What does competition do for an economy? Especially ours. It provides us better goods and the best price possible.

12. What is the oil that keeps capitalism going strong?

13. What is the oil that keeps capitalism going strong? The Profit Motive…if people can’t make money by taking risk, they won’t take the risk and attempt to start a business.

14. What was salutary neglect?

15. What was salutary neglect? When England passed laws to govern the colonists, but never really enforced them.

16. Why was it hard for the early colonists to organize against England?

17. Why was it hard for the early colonists to organize against England? Differences in attitudes, life styles, economic conditions Lack of communication They also competed against each other

18. What were the Intolerable Acts?

19. What were the Intolerable Acts? A series of acts (Quartering Acts, Writs of Assistance, Boston Port Acts) all led to the thinking the king would not relent on taxes – drove the nation toward independence.

20. What was Mercantilism?

21. What was Mercantilism? European nations prospered when their treasuries were full of precious metals and when they exported more than they imported.

22. What is a unitary form of government?

23. What is a unitary form of government? When power is concentrated in the central government – works well in smaller nations like France, it’s simple and efficient.

24. From which early act was the motivation for adding the Third Amendment to the Constitution?

25. From which early act was the motivation for adding the Third Amendment to the Constitution? The Quartering Acts, where the colonists were required to house British soldiers.

26. What were charter colonies?

27. What were charter colonies? Among the first colonies set up, they got a grant from King James I, and were given the right to trade with England.

28. What is the benefit of Competition in an economy?

29. What is the benefit of Competition in an economy? It forces business firms to compete for our attention by providing better products at lower prices

30. What effect did the Proclamation of 1763 have on the colonists?

31. What effect did the Proclamation of 1763 have on the colonists? It closed off the lands west of the Appalachian Mountains to further settlement, which angered the colonists because many of them owned land in that part of the country.

32. The End