Asked by Danielle Mathias on Apr 25, 2024
Verified
The issuance of paper money in 1690 by Massachusetts
A) was welcomed by the British, who were tired of getting paid in coinage.
B) gave prominent Boston merchants a better chance of getting loans repaid with something of value.
C) became highly controversial in colonial politics.
D) made it easier for merchants to trade outside the state.
Paper Money
A type of currency issued by nations' governments or central banks, representing a government's obligation to pay the amount printed on it.
Massachusetts
A state in the northeastern United States, significant for its role in early American history, especially during the American Revolution.
- Recognize the influence of inward and outward trade in forming colonial communities.
- Explore the consequences of revolutionary changes and reforms in the colonial period, including aspects of economic behavior and policies affecting society.
Verified Answer
AD
ASHOK DUMARUApr 28, 2024
Final Answer :
C
Explanation :
The issuance of paper money in 1690 by Massachusetts became highly controversial in colonial politics due to concerns about its value, inflation, and the impact on the economy.
Learning Objectives
- Recognize the influence of inward and outward trade in forming colonial communities.
- Explore the consequences of revolutionary changes and reforms in the colonial period, including aspects of economic behavior and policies affecting society.
Related questions
The Society for the Propagation of the Gospel in Foreign ...
The Demand for African Slave Labor in North America Increased ...
What Was One of the Subjects of Important Debates Occurring ...
____ Involves People in One Country Gaining Virtually Complete Control ...
Taiwan and South Korea, Once Colonies of Japan, Have Made ...