The answers are:
A) In 1-2 sentences, identify the historical context of this excerpt.
According to James R. Ferguson, The four treatises that Otis wrote during 1764-65 revealed contradictions and even intellectual confusion. Otis was the first leader of the period in the development of the traditional ideas of the constitution and representation, but was based on the traditional views of the parliamentary authority.
B) In 2-3 sentences, describe how this excerpt reflects the influence of foreign events on the spread of revolutionary sentiment in the colonies.
After reading this paragraph we can infer that it refers to the colonial power exercised by his majesty over his colonies. We also see that it reveals which were the dominant colonies of the time and names them referring to France and Great Britain.
1882 was the year the Chinese exclusion act was passed
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For starters, he cut down taxes on companies. He believed that the companies could then increase salaries and create new job opportunities. People could also join the market easier and open their own companies since the taxes were smaller. With more companies in the market, the competition was greater, the prices and the products were better. Or at least that's how it was supposed to work in theory.
A bank run is where a lot of people simultaneously withdraw money from the same bank. Its when they don't trust their bank. It makes the people at the bank have a bigger chance of loosing their job because the bank might not have enough money to fill their withdrawals.
