A key financial innovation of the eighteenth century was
A) the creation of insurance policies.
B) the circulation of paper banknotes compensating for a lack of coinage.
C) the establishment of a new international currency to facilitate trade.
D) deficit spending by enlightened monarchs to pay for vital government reforms.
E) the increased use of bullion in preference to less reliable paper money.
B
You might also like to view...
Which of these is true of pastoral nomads?
A) They farm, but do not herd. B) They remain isolated from farming communities. C) They depend primarily on agriculture. D) They herd, but do not farm.
This was the classic statement on race relations by Booker T. Washington, made in a speech at the Atlanta Exposition (1895). He asserted that vocational education, which gave blacks a chance for economic security, was more valuable than social equality or political office.
What will be an ideal response?
What was the New Cultural Movement and what impact did it have on China’s development?
What will be an ideal response?
Why did Lyndon Johnson escalate the war in Vietnam?
What will be an ideal response?