How Did William Pitt Plan to Encourage the Americans to Assume

question 101

Multiple Choice

How did William Pitt plan to encourage the Americans to assume the military burden in the Seven Years' War in America?

• A) He promised to open the lands west of the Appalachian Mountains to settlement.
• B) He hinted broadly at increased colonial self-government in the post-war world.
• C) He promised that if the colonies raised the necessary men, Parliament would bear the financial burden.
• D) He guaranteed lower tariffs and internal taxes in the post-war era.
• E) All of these choices

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Definitions:

Cash Receipts

The sum of all money received by a company during a specified period, from operations, investments, and financing.

Depreciation Expense

The portion of the cost of a fixed asset that is recorded as an expense each year of its useful life.

Cash Payments

Transactions involving the outflow of cash to settle obligations or purchase goods and services.

Cash Budget

A forecast of cash inflows and outflows over a certain period, used to manage the company's cash balance and ensure liquidity.