Chapter 5 Ap® Focus & Annotated Chapter Outline Ap® Focus
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Action-Reaction … the Road to Revolution
Name:____________________________________ Class Period:_____ Action-Reaction … The Road to Revolution APUSH Guide for American Pageant chapter 7 & 2nd half of AMSCO chapter 4 (and a bit from chapter 8 Pageant and chapter 5 AMSCO) Directions Print document and take notes in the spaces provided. Read through the guide before you begin reading the chapter. This step will help you focus on the most significant ideas and information And as you read. Purpose These notes are not “hunt and peck” or “fill in the blank” notes. Think of this guide as a place for reflections and analysis using your noggin (thinking skills) and new knowledge gained from the reading. Mastery of the course and AP exam await all who choose to process the information as they read/receive. To what extent was America a revolutionary force from the first days of European discovery? Assessment: __________________________ Small extent? Large extent? Evidence to support your assessment: Evidence to support the opposing view: 1. 1. 2. 2. 3. 3. Explain the impact of the following statement in terms of America. “Distance weakens authority; great weakness weakens authority greatly.” The Impact of Mercantilism Explain how Americans were supposed to ensure Britain’s economic and naval supremacy. What impact did this have on colonists? What was the problem with having no banks in the colonies? How did Parliament respond to colonies issuing paper money? How did English policy regarding its North American colonies change after the French and Indian War, Pontiac’s Rebellion, and the Proclamation of 1763? From Salutary Neglect to…. For each of the items listed below, identify the Before the actual war of the Revolution Action (English purpose/goal) and the could begin, there had to be a Reaction of the colonists. -
The Federal Reserve Act of 1913
THE FEDERAL RESERVE ACT OF 1913 HISTORY AND DIGEST by V. GILMORE IDEN PUBLISHED BY THE NATIONAL BANK NEWS PHILADELPHIA Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Copyright, 1914 by Ccrtttiois Bator Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis History of Federal Reserve Act History N MONDAY, October 21, 1907, the Na O tional Bank of Commerce of New York City announced its refusal to clear for the Knickerbocker Trust Company of the same city. The trust company had deposits amounting to $62,000,000. The next day, following a run of three hours, the Knickerbocker Trust Company paid out $8,000,000 and then suspended. One immediate result was that banks, acting independently, held on tight to the cash they had in their vaults, and money went to a premium. Ac cording to the experts who investigated the situation, this panic was purely a bankers’ panic and due entirely to our system of banking, which bases the protection of the financial solidity of the country upon the individual reserves of banks. In the case of a stress, such as in 1907, the banks fail to act as a whole, their first consideration being the protec tion of their own reserves. PAGE 5 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis History of Federal Reserve Act The conditions surrounding previous panics were entirely different. -
Is Paper Money Just Paper Money? Experimentation and Variation in the Paper Monies Issued by the American Colonies from 1690 to 1775
NBER WORKING PAPER SERIES IS PAPER MONEY JUST PAPER MONEY? EXPERIMENTATION AND VARIATION IN THE PAPER MONIES ISSUED BY THE AMERICAN COLONIES FROM 1690 TO 1775 Farley Grubb Working Paper 17997 http://www.nber.org/papers/w17997 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2012 Previously circulated as 'Is Paper Money Just Paper Money? Experimentation and Local Variation in the Fiat Paper Monies Issued by the Colonial Governments of British North America, 1690-1775: Part I." A preliminary version of this paper was presented at the Conference on "De-Teleologising History of Money and Its Theory," Japan Society for the Promotion of Science Research–Project 22330102, University of Tokyo, 14-16 February 2012. The author thanks the participants of this conference and Akinobu Kuroda for helpful comments. Tracy McQueen provided editorial assistance. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer- reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications. © 2012 by Farley Grubb. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. Is Paper Money Just Paper Money? Experimentation and Variation in the Paper Monies Issued by the American Colonies from 1690 to 1775 Farley Grubb NBER Working Paper No. 17997 April 2012, Revised April 2015 JEL No. -
AMERICAN REVOLUTIONREVOLUTION Thethe Enlightenmentenlightenment Thethe Ageage Ofof Reasonreason
AMERICANAMERICAN REVOLUTIONREVOLUTION TheThe EnlightenmentEnlightenment TheThe AgeAge ofof ReasonReason ▶ 1650-1800 ▶ Laws of Nature applied to society ▶ Rationalism . “Dare to know! Have the courage to use your own reason!” – Immanuel Kant ▶ Liberalism ▶ Deism . “The Clockmaker” . Absent of human affairs TheThe EnlightenmentEnlightenment JohnJohn LockeLocke ▶ Second Treatise on Government . “The state of nature has a law of nature to govern it, which obliges every one: and reason, which is that law, teaches all mankind … that, being all equal and independent, no one ought to harm another in his life, health, liberty, or possessions” . “Men being, as has been said, by nature, all free, equal, and independent, no one can be put out of this estate, and subjected to the political power of another, without his own consent.” . “Whensoever therefore the legislative shall transgress this fundamental rule of society; and either by ambition, fear, folly or corruption, endeavour to grasp themselves, or put into the hands of any other, an absolute power over the lives, liberties, and estates of the people; by this breach of trust they forfeit the power the people had put into their hands for quite contrary ends, and it devolves to the people, who have a right to resume their original liberty, and, by the establishment of a new legislative, (such as they shall think fit) provide for their own safety and security, which is the end for which they are in society.” TheThe EnlightenmentEnlightenment AdamAdam SmithSmith ▶ An Inquiry into the Nature and Causes of the Wealth of Nations ▶ Laissez-faire . Free trade ▶ “the invisible hand” ▶ Three Laws . More production from self- interest . -
Report on the Legal Protection of Banknotes in the European Union Member States
ECB EZB EKT BCE EKP REPORT ON THE LEGAL PROTECTION OF BANKNOTES IN THE EUROPEAN UNION MEMBER STATES November 1999 REPORT ON THE LEGAL PROTECTION OF BANKNOTES IN THE EUROPEAN UNION MEMBER STATES November 1999 © European Central Bank, 1999 Address Kaiserstrasse 29 D-60311 Frankfurt am Main Germany Postal address Postfach 16 03 19 D-60066 Frankfurt am Main Germany Telephone +49 69 1344 0 Internet http://www.ecb.int Fax +49 69 1344 6000 Telex 411 144 ecb d All rights reserved. Reproduction for educational and non-commercial purposes is permitted provided that the source is acknowledged. The views expressed in this paper are those of the author and do not necessarily reflect those of the European Central Bank. ISBN 92-9181-051-7 2 ECB Report on the legal protection of banknotes • November 1999 Contents EXECUTIVE SUMMARY 5 I. LEGAL PROTECTION OF EURO BANKNOTES 7 A. THE CRIMINAL APPROACH: COUNTERFEITING 7 1. The legal situation in the Member States 7 2. The desired legal situation 9 3. The risk of increased counterfeit activity 11 4. The possibilities of prevention – co-operation and co-ordination 12 5. The harmonisation of sanctions 18 6. The detention of counterfeit banknotes 18 B. THE CIVIL APPROACH: COPYRIGHT PROTECTION (COMPLEMENTARY TOOLS AND SETTING CRITERIA FOR LEGAL REPRODUCTIONS) 20 1. Copyright protection for euro banknotes 20 2. The use of the © sign on euro banknotes 22 3. The enforcement of copyright 23 4. The reproduction of euro banknotes 24 C. THE MATERIAL APPROACH: ANTI-COPYING DEVICES FOR REPRODUCTION EQUIPMENT 26 II. LEGAL ASPECTS OF FIDUCIARY CIRCULATION 28 A. -
OIG-10-024 Audit of the Office of Comptroller of The
Audit Report OIG-10-024 Audit of the Office of the Comptroller of the Currency’s Fiscal Years 2009 and 2008 Financial Statements December 22, 2009 Office of Inspector General Department of the Treasury DEPARTMENT OF THE TREASURY WASHINGTON, D.C. 20220 OFFICE OF INSPECTOR GENERAL December 22, 2009 MEMORANDUM FOR JOHN C. DUGAN COMPTROLLER OF THE CURRENCY FROM: Michael Fitzgerald Director, Financial Audits SUBJECT: Audit of the Office of the Comptroller of the Currency’s Fiscal Years 2009 and 2008 Financial Statements I am pleased to transmit the attached audited Office of the Comptroller of the Currency (OCC) financial statements for fiscal years 2009 and 2008. Under a contract monitored by the Office of Inspector General, GKA, P.C. (GKA), an independent certified public accounting firm, performed an audit of the financial statements of OCC as of September 30, 2009 and 2008 and for the years then ended. The contract required that the audit be performed in accordance with generally accepted government auditing standards; applicable provisions of Office of Management and Budget Bulletin No. 07-04, Audit Requirements for Federal Financial Statements, as amended; and the GAO/PCIE Financial Audit Manual. The following reports, prepared by GKA, are incorporated in the attachment: • Independent Auditor’s Report on Financial Statements; • Independent Auditor’s Report on Internal Control over Financial Reporting; and • Independent Auditor’s Report on Compliance with Laws and Regulations In its audit of OCC’s financial statements, GKA found: • that the financial statements were fairly presented, in all material respects, in conformity with accounting principles generally accepted in the United States of America, • no matters involving internal control and its operations that are considered material weaknesses, and • no instances of reportable noncompliance with laws and regulations tested. -
Causes of the American Revolution
Chapter 1 Have you ever wondered how we ended up with this great country? Well it. All came about about because of the American revolution. There were several causes to the American Revolution including the French and Indian war,(aka the seven years of war) acts and taxes, the colonists rebelling more acts, more acts from king George , and the British military being activated please keep reading to find out why we entered this important war. The first thing that started the chain of events that lead to the American revolution was the French and Indian war the French and Indian war lasted from 1756-1763 and started because of a territorial dispute over the Ohio River valley. The British ended up winning (which gave them all the land to the Mississippi River), but was deeply in debt. After the French and Indian war, the king raised taxes and passed several acts that made the colonists angry there were several act including the stamp act,quartering act,Townshend act,navigation act, and sugar act the stamp act made colonists pay extra taxes fall all paper products with stamps! In 1767 raised taxes on lead, paint, paper, glass, and tea. The Navigation act said that colonists could only buy goods from Britain. Finally the sugar act put taxes on sugar. All of the taxes and acts made the colonists angry.they were very angry because they had no choice. A group of people became very important during this time called the sons of Liberty. This group of influential people lead the patriots, the colonists against King George III. -
Print › Chapter 4: Revolutionary America | Quizlet
Chapter 4: Revolutionary America Study online at quizlet.com/_flcg7 1. Boston A confrontation between a group of citizens 9. Gaspée In June, 1772, the British customs ship ran Massacre and British troops on March 5, 1770, Incident around off the colonial coast. When the during which the troops opened fire on the British went ashore for help, colonials citizens, killing five of them. boarded the ship and burned it. They were sent to Britain for trial. Colonial outrage led 2. Committees of These started as groups of private citizens to the widespread formation of Committees of Correspondence in Massachusetts, Rhode Island and New Correspondence. York who, in 1763, began circulating information about opposition to British 10. George As Prime Minister, he passed the Sugar Act in trade measures. Other colonies created Grenville 1764 and the Stamp Act in 1765 to help their own committtees in order to exchange finance the cost of maintaining a standing information and organize protests to force of British troops in the colonies. He British trade regulations. The groups believed in reducing the financial burden on became particularly active following the the British by enacting new taxes in the Gaspee Incident. colonies 3. Common Sense Thomas Paine's influential pamphlet that 11. Internal Taxes which arose out of activities that forcefully argued for American Taxes occurred within the colonies. The Stamp Act independence, attacked the institution of was considered this tax, because it taxed the monarchy, and defended a democratic colonists on legal transactions they theory of representative government. undertook locally. Many colonists and Englishmen felt that Parliament did not have 4. -
The Original Meaning of the Habeas Corpus Suspension Clause, the Right of Natural Liberty, and Executive Discretion
William & Mary Bill of Rights Journal Volume 29 (2020-2021) Issue 3 The Presidency and Individual Rights Article 4 March 2021 The Original Meaning of the Habeas Corpus Suspension Clause, the Right of Natural Liberty, and Executive Discretion John Harrison Follow this and additional works at: https://scholarship.law.wm.edu/wmborj Part of the Constitutional Law Commons, Legal History Commons, President/Executive Department Commons, and the United States History Commons Repository Citation John Harrison, The Original Meaning of the Habeas Corpus Suspension Clause, the Right of Natural Liberty, and Executive Discretion, 29 Wm. & Mary Bill Rts. J. 649 (2021), https://scholarship.law.wm.edu/wmborj/vol29/iss3/4 Copyright c 2021 by the authors. This article is brought to you by the William & Mary Law School Scholarship Repository. https://scholarship.law.wm.edu/wmborj THE ORIGINAL MEANING OF THE HABEAS CORPUS SUSPENSION CLAUSE, THE RIGHT OF NATURAL LIBERTY, AND EXECUTIVE DISCRETION John Harrison* The Habeas Corpus Suspension Clause of Article I, Section 9, is primarily a limit on Congress’s authority to authorize detention by the executive. It is not mainly con- cerned with the remedial writ of habeas corpus, but rather with the primary right of natural liberty. Suspensions of the privilege of the writ of habeas corpus are statutes that vest very broad discretion in the executive to decide which individuals to hold in custody. Detention of combatants under the law of war need not rest on a valid suspen- sion, whether the combatant is an alien or a citizen of the United States. The Suspension Clause does not affirmatively require that the federal courts have any jurisdiction to issue the writ of habeas corpus, and so does not interfere with Congress’s general control over the jurisdiction of the federal courts. -
Paper Money and Inflation in Colonial America
Number 2015-06 ECONOMIC COMMENTARY May 13, 2015 Paper Money and Infl ation in Colonial America Owen F. Humpage Infl ation is often thought to be the result of excessive money creation—too many dollars chasing too few goods. While in principle this is true, in practice there can be a lot of leeway, so long as trust in the monetary authority’s ability to keep things under control remains high. The American colonists’ experience with paper money illustrates how and why this is so and offers lessons for the modern day. Money is a societal invention that reduces the costs of The Usefulness of Money engaging in economic exchange. By so doing, money allows Money reduces the cost of engaging in economic exchange individuals to specialize in what they do best, and specializa- primarily by solving the double-coincidence-of-wants prob- tion—as Adam Smith famously pointed out—increases a lem. Under barter, if you have an item to trade, you must nation’s standard of living. Absent money, we would all fi rst fi nd people who want it and then fi nd one among them have to barter, which is time consuming and wasteful. who has exactly what you desire. That is diffi cult enough, but suppose you needed that specifi c thing today and had If money is to do its job well, it must maintain a stable value nothing to exchange until later. Making things always re- in terms of the goods and services that it buys. Traditional- quires access to the goods necessary for their production ly, monies have kept their purchasing power by being made before the fi nal good is ready, but pure barter requires that of precious metals—notably gold, silver, and copper—that receipts and outlays occur at the same time. -
Davis S Dissertation 2010.Pdf
The Trend Towards The Debasement Of American Currency A dissertation submitted in partial fulfillment of the requirements for the degree of Doctor of Philosophy at George Mason University By Steven Davis Master of Science Stanford University, 2003 Master of Science University of Durham, 2002 Bachelor of Science University of Pennsylvania, 2001 Director: Dr. Richard Wagner, Professor Department of Economics Fall Semester 2010 George Mason University Fairfax, VA Copyright: 2010 by Steven Davis All Rights Reserved ii ACKNOWLEDGEMENTS I would like to thank Professors Richard Wagner, Robin Hanson, and John Crockett for their insight, feedback, and flexibility in their positions on my dissertation committee. Additional thanks to Professor Wagner for his guidance in helping me customize my academic program here at George Mason. I would also like to thank Mary Jackson for her amazing responsiveness to all of my questions and her constant supply of Krackel candy bars. Thanks to Professor “Doc” Bennett for being a great “RA-employer” and helping me optimize my Scantron-grading technique. Thanks to the Economics Department for greatly assisting my studies by awarding me the Dunn Fellowship, as well as providing a great environment for economic study. Thanks to my Mom and Dad for both their support and their implicit contribution to the Allen Davis game. Finally, thanks to the unknown chef of the great brownies available in the small Enterprise Hall cafeteria. Hopefully, they will one day become a topping at Mr. Yogato or at its successor, Little Yohai. iii TABLE OF CONTENTS Page LIST OF TABLES .......................................................................................................... v LIST OF FIGURES ........................................................................................................ vi ABSTRACT ................................................................................................................. viii Chapter 1: Introduction .................................................................................................. -
Declaration of Independence Quebec Act
Declaration Of Independence Quebec Act Bubba objectifies dishonourably? Gastronomical Ambrosio cox limpidly. Hale outgoes her clouters tastelessly, she quickstep it inflexibly. God entitle them paid with this act of independence quebec act was the colonists have been avoiding the colonies met with all that all sage knowledge has an estimated the church In the Declaration of Independence the American patriots listed a soft of. The provisions of the Quebec Act as seen check the colonists as learn new model for administration in the colonies which can strip court of previous self-elected assemblies It appeared to void the land claims of the colonies by granting most approach the Ohio Country mark the province of Quebec. Pictures of the quartering act. Although several respects. The bubble had required the colonies to house British troops stationed in America. Pennsylvania while serving as were overcome by a few committed by reel time of independence? Jefferson himself pass the document was submitted to Congress for its consideration. Troops open fire at bunker hill just reached concord where they would have also established nonrepresentative government. This quebec would exist on the washington chose instead for assistance, as chains of persuasion and westerly boundaries and home to grasp the declaration of independence quebec act, the river near princeton revived flagging american defeat every issue. Following may of quebec french members. Or the complaint about the Quebec Act of 1774 which concerned two Privy Council. The declaration of canada. Quebec Act Wikipedia. Loyalists fled to Canada following American Independence and lost everything when a property was seized by their new United States.