c. severe cutbacks in the size of the federal government. d. a taxpayer revolt. e. a growing reliance on overseas trade to sustain the American economy. 3. The poor economic performance of the 1970s brought an abrupt end to a. American reliance on Middle Eastern oil.
Women were another vulnerable group because they were always paid at a lower rate than men. There was no safety net for people who fell into poverty other than resorting to the ‘workhouse’ which had been established to deal with cases of extreme poverty in Trade unions had little power as the Taff Vale Incident of 1901 showed and Friendly Societies could only provide a limited amount of help. Attitudes to poverty in the early 20th century were quite unsympathetic many politicians from both the Liberal and Conservative party felt that poverty came from personal laziness. Both parties had an attitude of “laissez-faire” i.e. non interference from the government.
France was heavily indebted for financially supporting the American Revolution, as it would weaken France’s European rival, Great Britain, because of the wars waged by Louis XIV and spending of royal family. 3. Increasingly huge deficit, the French government was nearly bankrupt. 4. Heavy tax burden on the French peasants (= 90 % of the population).
He was just as unsuccessful and by the time of the October election of 1964 Britain was in debt to the tune of £750 million. A second main reason for Labour’s victory was that the Conservative party leadership was in disarray after the resignation in October 1963 of Harold ‘Supermac’ Macmillan. Macmillan had been
The collapse of the housing market and unemployment caused the most damage. Between 1991 to 1992 unemployment had gone back up to 2.6 million. Negative equity meant home owner were paying mortgages far higher than their homes were worth. Many people could simply not keep up with the increased prices and resulted in them losing their homes due to the bank repossessing them. The recession hit close to home for the Tories, effecting the middle class not just the working class of the industrial north.
There were various factors behind on why the Estates General was called in 1789 but the two main factors can be seen as the critical financial crisis in France and also the failure of reforms. In 1786, Calonne, the Controller General, told Louis that the country was in the verge of bankruptcy – there were deficit of 112 million being made due to the extravagant and lavish spending of the royal expenditure compared to how much they were earning. In two years, the deficit increased to 126 million livres, worsening the situation. The financial crisis was the result of France being at war for the past 20 years. First, the War of Austrian Succession 1740 to 1748, then Seven Years War which lasted from 1756 to 1763 and caused France to lose huge amounts of overseas territory due to its defeat.
Iluta Urka History 220 The panic of 1873 set off a depression that lasted six years, the longest and most severe that Americans had yet suffered. Thousands of businesses went bankrupt; millions of people lost their jobs, and as usually occurs, voters blamed the party in power for their economic woes. The primary cause of the price depression in the United States was the tight monetary policy that the US followed to get back to the gold standard after the US Civil War. The US government was taking money out of circulation to achieve this goal; therefore there was less available money to facilitate trade. Because of the Panic of 1873, governments depegged their currencies, to save money.
A seven-year conflict between the French and Indian soldiers gave Britain the victory. However, the war left the colonial leaders financially broke. In order to compensate for the financial losses, they imposed massive amounts of taxes on the settlers. The levies paid were sent directly to the British treasury and were used by the British military in North America. Besides this, the British also passed various laws that limited the movement and freedom of the settlers in an exceptionally discriminating manner.
They feared once these principles were established they could be extended to ‘soak the rich’ and even out the unfair distribution of wealth in Edwardian Britain. The land taxes were especially controversial, as they would not actually produce a great deal of tax revenue. The Lords denounced this proposal as a ‘class war’. The Lords believed it was their duty to restrain governments from making sweeping changes the electorate had not voted on. A final less important reason was that the Lords believed that it was the fault of the poor that they were destitute in the first place.
Corey Johnson Brian Rafuse HISTORY 2010 LX9 November 20, 2012 Causes of the American Revolution The American Revolution was a war between the thirteen colonies and Great Britain due to the unlawful taxes and policies that were enforced. Great Britain had been in a war with France in previous years and was losing money because of it; therefore, the country needed finances to rebuild the losses and to put the country back to its original position before the war. Because of these needs, Great Britain began to variously tax certain things that were used frequently throughout the country, such as: trading, tea, paper, etc. This upset many of the people in the country to the extent of wanting to separate and call themselves their own country. This idea, though pragmatic in my opinion, wasn’t as sensible to some people that wanted to stay a part of Great Britain and wanted to be loyal to the country, hence being called “Loyalists.” The people that were for the separation were known as Patriots, for they stood up for themselves and wanted to have a better democratic country, which is where they would truly represent the country rather than the Parliament dictating everything without consent.