To Protest the Stamp Act, Colonial Merchants

question 32

Multiple Choice

To protest the Stamp Act, colonial merchants

• A) refused to sell any British-made products in the American colonies.
• B) created nonexportation associations to help stop the flow of raw materials to England.
• C) hired privateers to harass British merchant ships in the Atlantic and Caribbean.
• D) created nonimportation associations to put pressure on British exporters.

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Definitions:

Central Bank

An institution that manages a state's currency, money supply, and interest rates, overseeing the commercial banking system of its country.

Prints Money

Refers to the action of a central bank creating additional currency as part of its monetary policy.

Currency Loses Value

A situation where a currency diminishes in purchasing power compared to other currencies, often due to inflation or economic policies.

Purchasing-power Parity

A theory of exchange rates whereby a unit of any given currency should be able to buy the same quantity of goods in all countries.