Core Concepts 1
A plan that shows income and expenses over a period of time.
What is a budget?
The exchange of goods and services in a market.
What is trade?
The Haudenosaunee backed this European nation.
Who is England?
This Native American chief's war against the British startled the English, and gave rise to the Proclamation of 1763.
Who is Pontiac?
This "Grand Charter" signed by King Richard set the precedent for many of the grievances of the colonists.
What is the Magna Carta?
An arrangement in which a buyer can borrow to purchase something and pay for it over time.
What is credit?
The removal of trade barriers.
What is free trade?
George Washington suffered defeat at this makeshift fort.
What is Fort Necessity?
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This "King of the Wild Frontier" defied the Proclamation of 1763 and explored Kentucky into what is now called Louisville.
Who is Daniel Boone?
His ideas of life, liberty and property inspired American colonial fervor.
Who is John Locke?
A share of ownership in a country.
What is a stock?
Goods and services brought into a country from another country.
What are imports?
Benjamin Franklin's plan to unite the colonies.
What is the Albany Plan of the Union?
This British system of colonization said that colonies should benefit the "mother" country.
What is mercantilism?
This refusal to buy English goods and services brought many English merchants to their knees, and made some American merchants wealthy.
What is a boycott?
The act of using money in the hope of making a profit.
What is investing?
A tax on imports or exports.
What is a tariff?
The loss of this French port city cut off all French holdings farther down the St. Lawrence River; effectively killing "New France."
What is Quebec?
This 1764 tax on sugar actually lowered the tax on sugar, but dramatically cracked down on smuggling.
What is the Sugar Act of 1764?
This motto of the colonists centered around their lack of seats in Parliament and the English expectation of repayment of the war debt.
What is "no taxation without representation?"
A certificate issued by a company or government promising to pay back money borrowed with interest.
What is a bond?
Goods and services produced within a country and sold outside the country's borders.
What is an export?
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This treaty ended the French and Indian War.
What is the Treaty of Paris?
This English King thought the colonists should be happy to share in the war debt caused by the French and Indian War.
Who is King George III?
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This act taxed everything from legal documents to playing cards; and led to a protest in which the Lieutenant Governor's house was looted and effigies were burned.
What is the Stamp Act?