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How did Hamilton think that federal payment of state debts would influence the state?
by making a bank
What reason did parliament give for raising taxes after 1763?
Parliament raised taxes after 1763 primarily to help pay off the debts incurred during the Seven Years' War and to cover the costs of maintaining British troops in North America. They believed that the American colonies should contribute to the expenses of their own defense and administration, given that the war had benefited them by securing land and resources. This fiscal policy aimed to assert greater control over colonial finances and governance, which ultimately contributed to rising tensions between Britain and the colonies.
How and why did British Imperial policies change after 1763?
Britain changed its salutary neglect approach toward the colonies because of the debt they had incurred as a result of the French and Indian War. Many in Parliament believed the colonists hadn't paid their fair share of the war costs. As a result, they levied a series of taxes on the colonies, hoping to ease their financial burden.
An indentured servant brought to Jamestown and other colonies was given freedom once what?
Once the servant worked for the full length of their contract.
What was one reason William Penn was given land in the middle colonies?
The king owed him money. To allow Quakers to escape persecution in England.
What were the colonies given in payment of debts?
They traded goods.
Why Banks are institutions whose debts are accepted as payment of other people'liabilities?
Why Banks are institutions whose debts are accepted as payment of other people'liabilities?
Do Australia and Canada have laws relating to late payment of commercial debts?
Yes, however, they are not as well defined as the Late Payment of Commercial Debts act of 1998 passed in the United Kingdom.
How can I consolidate my secured and unsecured debts into one manageable payment plan?
To consolidate secured and unsecured debts into one manageable payment plan, you can consider options like debt consolidation loans, balance transfer credit cards, or debt management programs. These methods can help you combine your debts into a single monthly payment with potentially lower interest rates, making it easier to manage and pay off your debts.
Why did Parliament raise taxes on the colonies after the French and Indian War-?
To pay war debts and keep the colonies safe
Is the money that a creditor must by law accept in payment of debts?
Legal Tender.
What were pieces of land given to knights as payment called?
Peaces of land were given to the knights like if it was a payment
Money that a creditor must by law accept in payment for debts is called?
Money that a creditor must by law accept in payment for debts is called "legal tender." Legal tender refers to currency or coins that, by statute, must be accepted if offered in payment of a debt. In most countries, this typically includes the national currency, such as the US dollar in the United States. Creditors cannot refuse legal tender for payment of debts, though they may have other agreements in place regarding acceptable forms of payment.
What is the name given to phobia of debts?
What is the name given to the fear of financial debt?
How would you define money?
Money is any medium that is universally accepted in an economy by sellers of goods and services as payment and by creditors as payment for debts.
What is an estate administrator?
Someone who handles the estate for payment of the decedent's debts and distribution to the heirs.
What were debts paid with in Massachusetts?
They would take their land as a form of payment a+ gold and silver
