Search results
Results From The WOW.Com Content Network
The colonies were independent of one other before 1774; indeed, all the colonies began as separate and unique settlements or plantations. Further, efforts had failed to form a colonial union through the Albany Congress of 1754 led by Benjamin Franklin .
They were governed much as royal colonies except that lord proprietors, rather than the king, appointed the governor. They were set up after the Restoration of 1660 and typically enjoyed greater civil and religious liberty. [96] Massachusetts, Providence Plantation, Rhode Island, Warwick, and Connecticut were charter colonies. The Massachusetts ...
Economists and economic historians are almost evenly split as to whether the traditional monetary explanation that monetary forces were the primary cause of the Great Depression is right, or the traditional Keynesian explanation that a fall in autonomous spending, particularly investment, is the primary explanation for the onset of the Great ...
This was the opposite of Europe and attracted immigrants despite the high death rate caused by New World diseases. From 1700 to 1774, the output of the thirteen colonies increased 12-fold, giving the colonies an economy about 30% the size of Britain's at the time of independence. [5]: x-1
The colonists at Jamestown faced extreme adversity, and by 1617 there were only 351 survivors out of the 1700 colonists who had been transported to Jamestown. [17] After the Virginians discovered the profitability of growing tobacco, the settlement's population boomed from 400 settlers in 1617 to 1240 settlers in 1622.
The American economist Charles P. Kindleberger of long-term studying of the Great Depression pointed out that in the 1929, before and after the collapse of the stock market, the Fed lowered interest rates, tried to expand the money supply and eased the financial market tensions for several times; however, they were not successful.
The term "The Great Depression" is most frequently attributed to British economist Lionel Robbins, whose 1934 book The Great Depression is credited with formalizing the phrase, [230] though Hoover is widely credited with popularizing the term, [230] [231] informally referring to the downturn as a depression, with such uses as "Economic ...
In domestic matters, the colonies were largely self-governing on many issues; however, the British government did exercise veto power over colonial legislation, and regardless of the type of colonial government, retained control of the law and equity courts; judges were selected by the British government and served at the king's pleasure.