Great Britain was the most powerful of the North American colonizers. Their grasp over the Hudson Bay was very profitable.
A. The west was affected by the Panic because it had a large drop in labor and had a hard time settling down.
B. As described in the first section, inflation was considered the primary cause of the Panic.
C. The government could reduce the amount of money they print and make it steady.
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<em>Estates of the Realm and Taxation</em>
<em>France under the Ancien Régime (before the French Revolution) divided society into three estates: the First Estate (clergy); the Second Estate (nobility); and the Third Estate (commoners). The king was not considered part of any estate.</em>
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