Understanding Early US Economic Challenges
Understanding Early US Economic Challenges
Test your knowledge about the key factors that led to economic depression in the early years of the United States. This quiz delves into historical events that shaped the nation's financial landscape.
Discover the causes and implications of economic downturns:
- Factors contributing to depression
- Impact of British policies
- Understanding tariffs and trade
What were the key factors in creating a depression in the early years of the US?
The loss of trade with Britain
The loss of trade with Spain
Inflation
The loss of trade with the colonies
Debt
A period of low economic activity combined with a rise of unemployment.
Debt
Inflation
Depression
The Great Awakening
Increased prices combined with the reduced value of money.
Debt
Depression
Inflation
Tariffs
Problems caused by the British in the early years of American Independence
The British were slow to leave some forts that were then on US land
The British were blocking forts
The British kept taxing the Americans
The British closed ports which than caused importing problems
An armed uprising in Western Massachusetts and Worcester in response to a debt crisis.
The Great Awakening
The Great Depresion
Shays rebelion
What were some of the weaknesses of the Articles of Confederation?
The US government could only request money from the states
The US government could only request soldiers from Britain
They could not tax the colonists
There was no federal court system.
They could not tax
The US government could only request soldiers from Spain
The US government could only request soldiers from the state, meaning no army
There was no president.
The British gained control over the colonies
The British were blocking forts and ports
People who loan money.
Debt
Creditors
Loaners
What is trade between two or more states called?
Shays Rebellion
Creditors
Tariffs
Interstate commerce
Depression
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