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maksim [4K]
3 years ago
6

Explain the significance of the word "bond" to this era of United States 5.

History
1 answer:
sveta [45]3 years ago
5 0

When government borrows money from citizens, they would return this money back to the person the same way a bank would.  They would give it in the form of bonds that can be sold to speculators. Problem is that it would be sold at a lower value.

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how did the government under the lords proprietors in south Carolina compare to the governments in the other colonies?
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Each British colony had its representative in London (colonial agent). In the American colonies, from the very beginning of their creation, the foundations of self-government were laid. In all types of colonies, there were three of them: royal, proprietary and corporate. The Governor personified the power of the sovereign, the Council, or the upper house of the Assembly - the aristocratic power, the House of Representatives - the democratic one. The governors of corporate colonies were elected by assemblies; in the property colonies, governors were appointed by owners of the colonies, and in the royal ones, respectively, by the English king.

South Carolina, which existed from 1663 to 1712, was controlled by the Lords-proprietors - a group of eight English nobles, informally led by Anthony Ashley-Cooper (1st Earl of Shaftesbury). Dissatisfaction with the administration of the colony led to the appointment of the vice-governor in 1691, who controlled the northern part of the colony. The owner of South Carolina, John Archdale, bought this colony in 1691 from the widow of the former owner, Sir William Berkeley. In 1706, Archdale published a description of his colony; he reported that the royal letter authorized the colony owner to establish nobility, that the latter, together with representatives of the lord-owners, constitute the upper house and that the lower house is elected by the people.

Each proprietary colony was characterized by specific system of governance which reflected the geographic factors and the lord proprietor personality. The colonies of Maryland and New York, based on English law and administration practices, were run effectively. But Carolina was mismanaged.

In 1729, the British government bought rights from the heirs of the lords-proprietors and the province became a royal colony.

Explanation:

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