Why Did Colonists Vehemently Object to the Stamp Act

question 48

Multiple Choice

Why did colonists vehemently object to the Stamp Act?

• A) It would put a heavy burden on the colonial economy.
• B) It was imposed by King George III without Parliamentary approval.
• C) It was imposed by a Parliament in which they had no representation.
• D) It disproportionately affected the middle and lower classes.
• E) It was the first to require any British citizen to pay a tax on printed documents.

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Definitions:

Issuing Companies

Corporations or entities that offer financial securities, like stocks or bonds, to the public in order to raise capital.

Convertible Bonds

Bonds issued by a corporation that can be converted into a predetermined number of the company's shares at certain times during their life, usually at the discretion of the bondholder.

Restrictive Clauses

Provisions in contracts that limit certain activities or behaviors to protect contractual interests, often found in loan agreements and employment contracts.

Senior Debt

Debt that has priority over other unsecured or otherwise more junior debt owed by the issuer in the case of bankruptcy.