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When the "Great War for the Empire" (often incorrectly referred to as the "Seven Years War") ended in 1763, Great Britain was deeply in debt, but was ceded some first rate real estate, namely Canada. The war itself had been conducted on a global scale, including the French and Indian Wars in North America, and it took two separate treaties to terminate hostilities (the treaty of Paris and the treaty of Hubertus burg.) Every major power inEurope participated in the war, and on a vast geographical scale that included hostilities along the African Coast, in Central and North America, India and the Philippines, all at great expense to the participants.
The explanations of the origins of the War are exceptionally intricate and unmemorable.
The Great War included our French and Indian War, which pitted Britain against France in the New World.
The colonists, especially from Massachusetts and Connecticut, contributed money and troops to the effort and after the war Britain reimbursed the colonies £ 1,072, 783, a third of which went to Massachusetts in light of its proportionately greater contribution. This roughly halved the war debts of the Colonies. Gipson described this British largesse as “unprecedented” in the sense that it was apparently the first time in modern history that a parent state reimbursed its colonies for such expenditures. On the other hand, Britain evidently imposed a one shilling per pound tax on tea imported into the American colonies.
When the smoke of war cleared, Britain's public debt was a then staggering sum of £146,000,000, and called for annual interest payments of £4,700,000 which left the British citizenry “with little prospect of reducing the heavy load of taxation.” On the other hand, the War had brought “unprecedented prosperity” to the colonies, even great fortunes, because of the “shipment of vast sums of . . . specie from England to America, not only as pay for the soldiers, teamsters, army pioneers, bateau-men, and others, but also for the purchase at good prices of enormous quantities of food, supplies and other things needed for carrying on the war.”
There were other effects as well, all of which presented some peril for Britain; the American colonies soon emerged as an economic powerhouse, soon out producing Britain in, ships and steel because of its natural advantages. In Great Britain, in the 1760’s there was almost a 100% face value tax on imported tea.
This was comprised of a 25% import tax on face value plus an additional excise of 25% plus 1 shilling per pound for tea sold for domestic consumption.
Q. The use of the word 'specie' in the passage denotes
  • a)
    food, supplies and other things needed for carrying on the war.
  • b)
    tax on tea and other essential commodities to cover the costs of war.
  • c)
    money for payment of salaries and for purchase of supplies.
  • d)
    animals such as horses, mules and cattle.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
When the "Great War for the Empire" (often incorrectly refer...
The passage clearly mentions 'shipment of v ast sums of specie' both as pay for soldiers and others and also 'for the purchase at good prices of enormous quantities of food, supplies and other things needed for carrying on the war.' Thus it can be inferred that 'specie' here means money, to be used for payments of salaries and for the purchase of supplies. Thus, option (c) is the correct answer.
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Community Answer
When the "Great War for the Empire" (often incorrectly refer...
Explanation:

Definition of Specie:
- Specie refers to money in the form of coins, rather than paper currency or other forms of payment.

Explanation:
- In the context of the passage, the word "specie" is used to denote money that was used for the payment of salaries and for the purchase of supplies during the war.
- The passage mentions that vast sums of specie were shipped from England to America to pay for various expenses related to the war, such as salaries for soldiers, teamsters, and others, as well as for the purchase of food and supplies needed to carry on the war.
- This use of "specie" highlights the importance of physical coins or money in the economic transactions and financial activities related to the war effort.
Therefore, the correct answer is:
c) money for payment of salaries and for the purchase of supplies.
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When the "Great War for the Empire" (often incorrectly referred to as the "Seven Years War") ended in 1763, Great Britain was deeply in debt, but was ceded some first rate real estate, namely Canada. The war itself had been conducted on a global scale, including the French and Indian Wars in North America, and it took two separate treaties to terminate hostilities (the treaty of Paris and the treaty of Hubertus burg.) Every major power inEurope participated in the war, and on a vast geographical scale that included hostilities along the African Coast, in Central and North America, India and the Philippines, all at great expense to the participants.The explanations of the origins of the War are exceptionally intricate and unmemorable.The Great War included our French and Indian War, which pitted Britain against France in the New World.The colonists, especially from Massachusetts and Connecticut, contributed money and troops to the effort and after the war Britain reimbursed the colonies £ 1,072, 783, a third of which went to Massachusetts in light of its proportionately greater contribution. This roughly halved the war debts of the Colonies. Gipson described this British largesse as “unprecedented” in the sense that it was apparently the first time in modern history that a parent state reimbursed its colonies for such expenditures. On the other hand, Britain evidently imposed a one shilling per pound tax on tea imported into the American colonies.When the smoke of war cleared, Britains public debt was a then staggering sum of £146,000,000, and called for annual interest payments of £4,700,000 which left the British citizenry “with little prospect of reducing the heavy load of taxation.” On the other hand, the War had brought “unprecedented prosperity” to the colonies, even great fortunes, because of the “shipment of vast sums of . . . specie from England to America, not only as pay for the soldiers, teamsters, army pioneers, bateau-men, and others, but also for the purchase at good prices of enormous quantities of food, supplies and other things needed for carrying on the war.”There were other effects as well, all of which presented some peril for Britain; the American colonies soon emerged as an economic powerhouse, soon out producing Britain in, ships and steel because of its natural advantages. In Great Britain, in the 1760’s there was almost a 100% face value tax on imported tea.This was comprised of a 25% import tax on face value plus an additional excise of 25% plus 1 shilling per pound for tea sold for domestic consumption.Q. "Gipson described this British largesse…" What is the largesse that Gipson is referring to?

When the "Great War for the Empire" (often incorrectly referred to as the "Seven Years War") ended in 1763, Great Britain was deeply in debt, but was ceded some first rate real estate, namely Canada. The war itself had been conducted on a global scale, including the French and Indian Wars in North America, and it took two separate treaties to terminate hostilities (the treaty of Paris and the treaty of Hubertus burg.) Every major power inEurope participated in the war, and on a vast geographical scale that included hostilities along the African Coast, in Central and North America, India and the Philippines, all at great expense to the participants.The explanations of the origins of the War are exceptionally intricate and unmemorable.The Great War included our French and Indian War, which pitted Britain against France in the New World.The colonists, especially from Massachusetts and Connecticut, contributed money and troops to the effort and after the war Britain reimbursed the colonies £ 1,072, 783, a third of which went to Massachusetts in light of its proportionately greater contribution. This roughly halved the war debts of the Colonies. Gipson described this British largesse as “unprecedented” in the sense that it was apparently the first time in modern history that a parent state reimbursed its colonies for such expenditures. On the other hand, Britain evidently imposed a one shilling per pound tax on tea imported into the American colonies.When the smoke of war cleared, Britains public debt was a then staggering sum of £146,000,000, and called for annual interest payments of £4,700,000 which left the British citizenry “with little prospect of reducing the heavy load of taxation.” On the other hand, the War had brought “unprecedented prosperity” to the colonies, even great fortunes, because of the “shipment of vast sums of . . . specie from England to America, not only as pay for the soldiers, teamsters, army pioneers, bateau-men, and others, but also for the purchase at good prices of enormous quantities of food, supplies and other things needed for carrying on the war.”There were other effects as well, all of which presented some peril for Britain; the American colonies soon emerged as an economic powerhouse, soon out producing Britain in, ships and steel because of its natural advantages. In Great Britain, in the 1760’s there was almost a 100% face value tax on imported tea.This was comprised of a 25% import tax on face value plus an additional excise of 25% plus 1 shilling per pound for tea sold for domestic consumption.Q. Which of the following can be inferred from the passage?

When the "Great War for the Empire" (often incorrectly referred to as the "Seven Years War") ended in 1763, Great Britain was deeply in debt, but was ceded some first rate real estate, namely Canada. The war itself had been conducted on a global scale, including the French and Indian Wars in North America, and it took two separate treaties to terminate hostilities (the treaty of Paris and the treaty of Hubertus burg.) Every major power inEurope participated in the war, and on a vast geographical scale that included hostilities along the African Coast, in Central and North America, India and the Philippines, all at great expense to the participants.The explanations of the origins of the War are exceptionally intricate and unmemorable.The Great War included our French and Indian War, which pitted Britain against France in the New World.The colonists, especially from Massachusetts and Connecticut, contributed money and troops to the effort and after the war Britain reimbursed the colonies £ 1,072, 783, a third of which went to Massachusetts in light of its proportionately greater contribution. This roughly halved the war debts of the Colonies. Gipson described this British largesse as “unprecedented” in the sense that it was apparently the first time in modern history that a parent state reimbursed its colonies for such expenditures. On the other hand, Britain evidently imposed a one shilling per pound tax on tea imported into the American colonies.When the smoke of war cleared, Britains public debt was a then staggering sum of £146,000,000, and called for annual interest payments of £4,700,000 which left the British citizenry “with little prospect of reducing the heavy load of taxation.” On the other hand, the War had brought “unprecedented prosperity” to the colonies, even great fortunes, because of the “shipment of vast sums of . . . specie from England to America, not only as pay for the soldiers, teamsters, army pioneers, bateau-men, and others, but also for the purchase at good prices of enormous quantities of food, supplies and other things needed for carrying on the war.”There were other effects as well, all of which presented some peril for Britain; the American colonies soon emerged as an economic powerhouse, soon out producing Britain in, ships and steel because of its natural advantages. In Great Britain, in the 1760’s there was almost a 100% face value tax on imported tea.This was comprised of a 25% import tax on face value plus an additional excise of 25% plus 1 shilling per pound for tea sold for domestic consumption.Q. Which of the following is the author most likely to agree with?

When the "Great War for the Empire" (often incorrectly referred to as the "Seven Years War") ended in 1763, Great Britain was deeply in debt, but was ceded some first rate real estate, namely Canada. The war itself had been conducted on a global scale, including the French and Indian Wars in North America, and it took two separate treaties to terminate hostilities (the treaty of Paris and the treaty of Hubertus burg.) Every major power inEurope participated in the war, and on a vast geographical scale that included hostilities along the African Coast, in Central and North America, India and the Philippines, all at great expense to the participants.The explanations of the origins of the War are exceptionally intricate and unmemorable.The Great War included our French and Indian War, which pitted Britain against France in the New World.The colonists, especially from Massachusetts and Connecticut, contributed money and troops to the effort and after the war Britain reimbursed the colonies £ 1,072, 783, a third of which went to Massachusetts in light of its proportionately greater contribution. This roughly halved the war debts of the Colonies. Gipson described this British largesse as “unprecedented” in the sense that it was apparently the first time in modern history that a parent state reimbursed its colonies for such expenditures. On the other hand, Britain evidently imposed a one shilling per pound tax on tea imported into the American colonies.When the smoke of war cleared, Britains public debt was a then staggering sum of £146,000,000, and called for annual interest payments of £4,700,000 which left the British citizenry “with little prospect of reducing the heavy load of taxation.” On the other hand, the War had brought “unprecedented prosperity” to the colonies, even great fortunes, because of the “shipment of vast sums of . . . specie from England to America, not only as pay for the soldiers, teamsters, army pioneers, bateau-men, and others, but also for the purchase at good prices of enormous quantities of food, supplies and other things needed for carrying on the war.”There were other effects as well, all of which presented some peril for Britain; the American colonies soon emerged as an economic powerhouse, soon out producing Britain in, ships and steel because of its natural advantages. In Great Britain, in the 1760’s there was almost a 100% face value tax on imported tea.This was comprised of a 25% import tax on face value plus an additional excise of 25% plus 1 shilling per pound for tea sold for domestic consumption.Q. Which one(s) of the following would possibly NOT be reason(s) for the prosperity of British colonies in America?1. The colonies produced more ships and steel than Britain.2. Transfer of large sums of money from Britain to the colonies.3. The colonies contributed money and troops to the war effort.4. Britain imposed tax on import of tea into the colonies.5. Britain had a very high public debt at the end of the war.

When the "Great War for the Empire" (often incorrectly referred to as the "Seven Years War") ended in 1763, Great Britain was deeply in debt, but was ceded some first rate real estate, namely Canada. The war itself had been conducted on a global scale, including the French and Indian Wars in North America, and it took two separate treaties to terminate hostilities (the treaty of Paris and the treaty of Hubertus burg.) Every major power inEurope participated in the war, and on a vast geographical scale that included hostilities along the African Coast, in Central and North America, India and the Philippines, all at great expense to the participants.The explanations of the origins of the War are exceptionally intricate and unmemorable.The Great War included our French and Indian War, which pitted Britain against France in the New World.The colonists, especially from Massachusetts and Connecticut, contributed money and troops to the effort and after the war Britain reimbursed the colonies £ 1,072, 783, a third of which went to Massachusetts in light of its proportionately greater contribution. This roughly halved the war debts of the Colonies. Gipson described this British largesse as “unprecedented” in the sense that it was apparently the first time in modern history that a parent state reimbursed its colonies for such expenditures. On the other hand, Britain evidently imposed a one shilling per pound tax on tea imported into the American colonies.When the smoke of war cleared, Britains public debt was a then staggering sum of £146,000,000, and called for annual interest payments of £4,700,000 which left the British citizenry “with little prospect of reducing the heavy load of taxation.” On the other hand, the War had brought “unprecedented prosperity” to the colonies, even great fortunes, because of the “shipment of vast sums of . . . specie from England to America, not only as pay for the soldiers, teamsters, army pioneers, bateau-men, and others, but also for the purchase at good prices of enormous quantities of food, supplies and other things needed for carrying on the war.”There were other effects as well, all of which presented some peril for Britain; the American colonies soon emerged as an economic powerhouse, soon out producing Britain in, ships and steel because of its natural advantages. In Great Britain, in the 1760’s there was almost a 100% face value tax on imported tea.This was comprised of a 25% import tax on face value plus an additional excise of 25% plus 1 shilling per pound for tea sold for domestic consumption.Q. The use of the word specie in the passage denotesa)food, supplies and other things needed for carrying on the war.b)tax on tea and other essential commodities to cover the costs of war.c)money for payment of salaries and for purchase of supplies.d)animals such as horses, mules and cattle.Correct answer is option 'C'. Can you explain this answer?
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When the "Great War for the Empire" (often incorrectly referred to as the "Seven Years War") ended in 1763, Great Britain was deeply in debt, but was ceded some first rate real estate, namely Canada. The war itself had been conducted on a global scale, including the French and Indian Wars in North America, and it took two separate treaties to terminate hostilities (the treaty of Paris and the treaty of Hubertus burg.) Every major power inEurope participated in the war, and on a vast geographical scale that included hostilities along the African Coast, in Central and North America, India and the Philippines, all at great expense to the participants.The explanations of the origins of the War are exceptionally intricate and unmemorable.The Great War included our French and Indian War, which pitted Britain against France in the New World.The colonists, especially from Massachusetts and Connecticut, contributed money and troops to the effort and after the war Britain reimbursed the colonies £ 1,072, 783, a third of which went to Massachusetts in light of its proportionately greater contribution. This roughly halved the war debts of the Colonies. Gipson described this British largesse as “unprecedented” in the sense that it was apparently the first time in modern history that a parent state reimbursed its colonies for such expenditures. On the other hand, Britain evidently imposed a one shilling per pound tax on tea imported into the American colonies.When the smoke of war cleared, Britains public debt was a then staggering sum of £146,000,000, and called for annual interest payments of £4,700,000 which left the British citizenry “with little prospect of reducing the heavy load of taxation.” On the other hand, the War had brought “unprecedented prosperity” to the colonies, even great fortunes, because of the “shipment of vast sums of . . . specie from England to America, not only as pay for the soldiers, teamsters, army pioneers, bateau-men, and others, but also for the purchase at good prices of enormous quantities of food, supplies and other things needed for carrying on the war.”There were other effects as well, all of which presented some peril for Britain; the American colonies soon emerged as an economic powerhouse, soon out producing Britain in, ships and steel because of its natural advantages. In Great Britain, in the 1760’s there was almost a 100% face value tax on imported tea.This was comprised of a 25% import tax on face value plus an additional excise of 25% plus 1 shilling per pound for tea sold for domestic consumption.Q. The use of the word specie in the passage denotesa)food, supplies and other things needed for carrying on the war.b)tax on tea and other essential commodities to cover the costs of war.c)money for payment of salaries and for purchase of supplies.d)animals such as horses, mules and cattle.Correct answer is option 'C'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about When the "Great War for the Empire" (often incorrectly referred to as the "Seven Years War") ended in 1763, Great Britain was deeply in debt, but was ceded some first rate real estate, namely Canada. The war itself had been conducted on a global scale, including the French and Indian Wars in North America, and it took two separate treaties to terminate hostilities (the treaty of Paris and the treaty of Hubertus burg.) Every major power inEurope participated in the war, and on a vast geographical scale that included hostilities along the African Coast, in Central and North America, India and the Philippines, all at great expense to the participants.The explanations of the origins of the War are exceptionally intricate and unmemorable.The Great War included our French and Indian War, which pitted Britain against France in the New World.The colonists, especially from Massachusetts and Connecticut, contributed money and troops to the effort and after the war Britain reimbursed the colonies £ 1,072, 783, a third of which went to Massachusetts in light of its proportionately greater contribution. This roughly halved the war debts of the Colonies. Gipson described this British largesse as “unprecedented” in the sense that it was apparently the first time in modern history that a parent state reimbursed its colonies for such expenditures. On the other hand, Britain evidently imposed a one shilling per pound tax on tea imported into the American colonies.When the smoke of war cleared, Britains public debt was a then staggering sum of £146,000,000, and called for annual interest payments of £4,700,000 which left the British citizenry “with little prospect of reducing the heavy load of taxation.” On the other hand, the War had brought “unprecedented prosperity” to the colonies, even great fortunes, because of the “shipment of vast sums of . . . specie from England to America, not only as pay for the soldiers, teamsters, army pioneers, bateau-men, and others, but also for the purchase at good prices of enormous quantities of food, supplies and other things needed for carrying on the war.”There were other effects as well, all of which presented some peril for Britain; the American colonies soon emerged as an economic powerhouse, soon out producing Britain in, ships and steel because of its natural advantages. In Great Britain, in the 1760’s there was almost a 100% face value tax on imported tea.This was comprised of a 25% import tax on face value plus an additional excise of 25% plus 1 shilling per pound for tea sold for domestic consumption.Q. The use of the word specie in the passage denotesa)food, supplies and other things needed for carrying on the war.b)tax on tea and other essential commodities to cover the costs of war.c)money for payment of salaries and for purchase of supplies.d)animals such as horses, mules and cattle.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for When the "Great War for the Empire" (often incorrectly referred to as the "Seven Years War") ended in 1763, Great Britain was deeply in debt, but was ceded some first rate real estate, namely Canada. The war itself had been conducted on a global scale, including the French and Indian Wars in North America, and it took two separate treaties to terminate hostilities (the treaty of Paris and the treaty of Hubertus burg.) Every major power inEurope participated in the war, and on a vast geographical scale that included hostilities along the African Coast, in Central and North America, India and the Philippines, all at great expense to the participants.The explanations of the origins of the War are exceptionally intricate and unmemorable.The Great War included our French and Indian War, which pitted Britain against France in the New World.The colonists, especially from Massachusetts and Connecticut, contributed money and troops to the effort and after the war Britain reimbursed the colonies £ 1,072, 783, a third of which went to Massachusetts in light of its proportionately greater contribution. This roughly halved the war debts of the Colonies. Gipson described this British largesse as “unprecedented” in the sense that it was apparently the first time in modern history that a parent state reimbursed its colonies for such expenditures. On the other hand, Britain evidently imposed a one shilling per pound tax on tea imported into the American colonies.When the smoke of war cleared, Britains public debt was a then staggering sum of £146,000,000, and called for annual interest payments of £4,700,000 which left the British citizenry “with little prospect of reducing the heavy load of taxation.” On the other hand, the War had brought “unprecedented prosperity” to the colonies, even great fortunes, because of the “shipment of vast sums of . . . specie from England to America, not only as pay for the soldiers, teamsters, army pioneers, bateau-men, and others, but also for the purchase at good prices of enormous quantities of food, supplies and other things needed for carrying on the war.”There were other effects as well, all of which presented some peril for Britain; the American colonies soon emerged as an economic powerhouse, soon out producing Britain in, ships and steel because of its natural advantages. In Great Britain, in the 1760’s there was almost a 100% face value tax on imported tea.This was comprised of a 25% import tax on face value plus an additional excise of 25% plus 1 shilling per pound for tea sold for domestic consumption.Q. The use of the word specie in the passage denotesa)food, supplies and other things needed for carrying on the war.b)tax on tea and other essential commodities to cover the costs of war.c)money for payment of salaries and for purchase of supplies.d)animals such as horses, mules and cattle.Correct answer is option 'C'. Can you explain this answer?.
Solutions for When the "Great War for the Empire" (often incorrectly referred to as the "Seven Years War") ended in 1763, Great Britain was deeply in debt, but was ceded some first rate real estate, namely Canada. The war itself had been conducted on a global scale, including the French and Indian Wars in North America, and it took two separate treaties to terminate hostilities (the treaty of Paris and the treaty of Hubertus burg.) Every major power inEurope participated in the war, and on a vast geographical scale that included hostilities along the African Coast, in Central and North America, India and the Philippines, all at great expense to the participants.The explanations of the origins of the War are exceptionally intricate and unmemorable.The Great War included our French and Indian War, which pitted Britain against France in the New World.The colonists, especially from Massachusetts and Connecticut, contributed money and troops to the effort and after the war Britain reimbursed the colonies £ 1,072, 783, a third of which went to Massachusetts in light of its proportionately greater contribution. This roughly halved the war debts of the Colonies. Gipson described this British largesse as “unprecedented” in the sense that it was apparently the first time in modern history that a parent state reimbursed its colonies for such expenditures. On the other hand, Britain evidently imposed a one shilling per pound tax on tea imported into the American colonies.When the smoke of war cleared, Britains public debt was a then staggering sum of £146,000,000, and called for annual interest payments of £4,700,000 which left the British citizenry “with little prospect of reducing the heavy load of taxation.” On the other hand, the War had brought “unprecedented prosperity” to the colonies, even great fortunes, because of the “shipment of vast sums of . . . specie from England to America, not only as pay for the soldiers, teamsters, army pioneers, bateau-men, and others, but also for the purchase at good prices of enormous quantities of food, supplies and other things needed for carrying on the war.”There were other effects as well, all of which presented some peril for Britain; the American colonies soon emerged as an economic powerhouse, soon out producing Britain in, ships and steel because of its natural advantages. In Great Britain, in the 1760’s there was almost a 100% face value tax on imported tea.This was comprised of a 25% import tax on face value plus an additional excise of 25% plus 1 shilling per pound for tea sold for domestic consumption.Q. The use of the word specie in the passage denotesa)food, supplies and other things needed for carrying on the war.b)tax on tea and other essential commodities to cover the costs of war.c)money for payment of salaries and for purchase of supplies.d)animals such as horses, mules and cattle.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 12. Download more important topics, notes, lectures and mock test series for Class 12 Exam by signing up for free.
Here you can find the meaning of When the "Great War for the Empire" (often incorrectly referred to as the "Seven Years War") ended in 1763, Great Britain was deeply in debt, but was ceded some first rate real estate, namely Canada. The war itself had been conducted on a global scale, including the French and Indian Wars in North America, and it took two separate treaties to terminate hostilities (the treaty of Paris and the treaty of Hubertus burg.) Every major power inEurope participated in the war, and on a vast geographical scale that included hostilities along the African Coast, in Central and North America, India and the Philippines, all at great expense to the participants.The explanations of the origins of the War are exceptionally intricate and unmemorable.The Great War included our French and Indian War, which pitted Britain against France in the New World.The colonists, especially from Massachusetts and Connecticut, contributed money and troops to the effort and after the war Britain reimbursed the colonies £ 1,072, 783, a third of which went to Massachusetts in light of its proportionately greater contribution. This roughly halved the war debts of the Colonies. Gipson described this British largesse as “unprecedented” in the sense that it was apparently the first time in modern history that a parent state reimbursed its colonies for such expenditures. On the other hand, Britain evidently imposed a one shilling per pound tax on tea imported into the American colonies.When the smoke of war cleared, Britains public debt was a then staggering sum of £146,000,000, and called for annual interest payments of £4,700,000 which left the British citizenry “with little prospect of reducing the heavy load of taxation.” On the other hand, the War had brought “unprecedented prosperity” to the colonies, even great fortunes, because of the “shipment of vast sums of . . . specie from England to America, not only as pay for the soldiers, teamsters, army pioneers, bateau-men, and others, but also for the purchase at good prices of enormous quantities of food, supplies and other things needed for carrying on the war.”There were other effects as well, all of which presented some peril for Britain; the American colonies soon emerged as an economic powerhouse, soon out producing Britain in, ships and steel because of its natural advantages. In Great Britain, in the 1760’s there was almost a 100% face value tax on imported tea.This was comprised of a 25% import tax on face value plus an additional excise of 25% plus 1 shilling per pound for tea sold for domestic consumption.Q. The use of the word specie in the passage denotesa)food, supplies and other things needed for carrying on the war.b)tax on tea and other essential commodities to cover the costs of war.c)money for payment of salaries and for purchase of supplies.d)animals such as horses, mules and cattle.Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of When the "Great War for the Empire" (often incorrectly referred to as the "Seven Years War") ended in 1763, Great Britain was deeply in debt, but was ceded some first rate real estate, namely Canada. The war itself had been conducted on a global scale, including the French and Indian Wars in North America, and it took two separate treaties to terminate hostilities (the treaty of Paris and the treaty of Hubertus burg.) Every major power inEurope participated in the war, and on a vast geographical scale that included hostilities along the African Coast, in Central and North America, India and the Philippines, all at great expense to the participants.The explanations of the origins of the War are exceptionally intricate and unmemorable.The Great War included our French and Indian War, which pitted Britain against France in the New World.The colonists, especially from Massachusetts and Connecticut, contributed money and troops to the effort and after the war Britain reimbursed the colonies £ 1,072, 783, a third of which went to Massachusetts in light of its proportionately greater contribution. This roughly halved the war debts of the Colonies. Gipson described this British largesse as “unprecedented” in the sense that it was apparently the first time in modern history that a parent state reimbursed its colonies for such expenditures. On the other hand, Britain evidently imposed a one shilling per pound tax on tea imported into the American colonies.When the smoke of war cleared, Britains public debt was a then staggering sum of £146,000,000, and called for annual interest payments of £4,700,000 which left the British citizenry “with little prospect of reducing the heavy load of taxation.” On the other hand, the War had brought “unprecedented prosperity” to the colonies, even great fortunes, because of the “shipment of vast sums of . . . specie from England to America, not only as pay for the soldiers, teamsters, army pioneers, bateau-men, and others, but also for the purchase at good prices of enormous quantities of food, supplies and other things needed for carrying on the war.”There were other effects as well, all of which presented some peril for Britain; the American colonies soon emerged as an economic powerhouse, soon out producing Britain in, ships and steel because of its natural advantages. In Great Britain, in the 1760’s there was almost a 100% face value tax on imported tea.This was comprised of a 25% import tax on face value plus an additional excise of 25% plus 1 shilling per pound for tea sold for domestic consumption.Q. The use of the word specie in the passage denotesa)food, supplies and other things needed for carrying on the war.b)tax on tea and other essential commodities to cover the costs of war.c)money for payment of salaries and for purchase of supplies.d)animals such as horses, mules and cattle.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for When the "Great War for the Empire" (often incorrectly referred to as the "Seven Years War") ended in 1763, Great Britain was deeply in debt, but was ceded some first rate real estate, namely Canada. The war itself had been conducted on a global scale, including the French and Indian Wars in North America, and it took two separate treaties to terminate hostilities (the treaty of Paris and the treaty of Hubertus burg.) Every major power inEurope participated in the war, and on a vast geographical scale that included hostilities along the African Coast, in Central and North America, India and the Philippines, all at great expense to the participants.The explanations of the origins of the War are exceptionally intricate and unmemorable.The Great War included our French and Indian War, which pitted Britain against France in the New World.The colonists, especially from Massachusetts and Connecticut, contributed money and troops to the effort and after the war Britain reimbursed the colonies £ 1,072, 783, a third of which went to Massachusetts in light of its proportionately greater contribution. This roughly halved the war debts of the Colonies. Gipson described this British largesse as “unprecedented” in the sense that it was apparently the first time in modern history that a parent state reimbursed its colonies for such expenditures. On the other hand, Britain evidently imposed a one shilling per pound tax on tea imported into the American colonies.When the smoke of war cleared, Britains public debt was a then staggering sum of £146,000,000, and called for annual interest payments of £4,700,000 which left the British citizenry “with little prospect of reducing the heavy load of taxation.” On the other hand, the War had brought “unprecedented prosperity” to the colonies, even great fortunes, because of the “shipment of vast sums of . . . specie from England to America, not only as pay for the soldiers, teamsters, army pioneers, bateau-men, and others, but also for the purchase at good prices of enormous quantities of food, supplies and other things needed for carrying on the war.”There were other effects as well, all of which presented some peril for Britain; the American colonies soon emerged as an economic powerhouse, soon out producing Britain in, ships and steel because of its natural advantages. In Great Britain, in the 1760’s there was almost a 100% face value tax on imported tea.This was comprised of a 25% import tax on face value plus an additional excise of 25% plus 1 shilling per pound for tea sold for domestic consumption.Q. The use of the word specie in the passage denotesa)food, supplies and other things needed for carrying on the war.b)tax on tea and other essential commodities to cover the costs of war.c)money for payment of salaries and for purchase of supplies.d)animals such as horses, mules and cattle.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of When the "Great War for the Empire" (often incorrectly referred to as the "Seven Years War") ended in 1763, Great Britain was deeply in debt, but was ceded some first rate real estate, namely Canada. The war itself had been conducted on a global scale, including the French and Indian Wars in North America, and it took two separate treaties to terminate hostilities (the treaty of Paris and the treaty of Hubertus burg.) Every major power inEurope participated in the war, and on a vast geographical scale that included hostilities along the African Coast, in Central and North America, India and the Philippines, all at great expense to the participants.The explanations of the origins of the War are exceptionally intricate and unmemorable.The Great War included our French and Indian War, which pitted Britain against France in the New World.The colonists, especially from Massachusetts and Connecticut, contributed money and troops to the effort and after the war Britain reimbursed the colonies £ 1,072, 783, a third of which went to Massachusetts in light of its proportionately greater contribution. This roughly halved the war debts of the Colonies. Gipson described this British largesse as “unprecedented” in the sense that it was apparently the first time in modern history that a parent state reimbursed its colonies for such expenditures. On the other hand, Britain evidently imposed a one shilling per pound tax on tea imported into the American colonies.When the smoke of war cleared, Britains public debt was a then staggering sum of £146,000,000, and called for annual interest payments of £4,700,000 which left the British citizenry “with little prospect of reducing the heavy load of taxation.” On the other hand, the War had brought “unprecedented prosperity” to the colonies, even great fortunes, because of the “shipment of vast sums of . . . specie from England to America, not only as pay for the soldiers, teamsters, army pioneers, bateau-men, and others, but also for the purchase at good prices of enormous quantities of food, supplies and other things needed for carrying on the war.”There were other effects as well, all of which presented some peril for Britain; the American colonies soon emerged as an economic powerhouse, soon out producing Britain in, ships and steel because of its natural advantages. In Great Britain, in the 1760’s there was almost a 100% face value tax on imported tea.This was comprised of a 25% import tax on face value plus an additional excise of 25% plus 1 shilling per pound for tea sold for domestic consumption.Q. The use of the word specie in the passage denotesa)food, supplies and other things needed for carrying on the war.b)tax on tea and other essential commodities to cover the costs of war.c)money for payment of salaries and for purchase of supplies.d)animals such as horses, mules and cattle.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice When the "Great War for the Empire" (often incorrectly referred to as the "Seven Years War") ended in 1763, Great Britain was deeply in debt, but was ceded some first rate real estate, namely Canada. The war itself had been conducted on a global scale, including the French and Indian Wars in North America, and it took two separate treaties to terminate hostilities (the treaty of Paris and the treaty of Hubertus burg.) Every major power inEurope participated in the war, and on a vast geographical scale that included hostilities along the African Coast, in Central and North America, India and the Philippines, all at great expense to the participants.The explanations of the origins of the War are exceptionally intricate and unmemorable.The Great War included our French and Indian War, which pitted Britain against France in the New World.The colonists, especially from Massachusetts and Connecticut, contributed money and troops to the effort and after the war Britain reimbursed the colonies £ 1,072, 783, a third of which went to Massachusetts in light of its proportionately greater contribution. This roughly halved the war debts of the Colonies. Gipson described this British largesse as “unprecedented” in the sense that it was apparently the first time in modern history that a parent state reimbursed its colonies for such expenditures. On the other hand, Britain evidently imposed a one shilling per pound tax on tea imported into the American colonies.When the smoke of war cleared, Britains public debt was a then staggering sum of £146,000,000, and called for annual interest payments of £4,700,000 which left the British citizenry “with little prospect of reducing the heavy load of taxation.” On the other hand, the War had brought “unprecedented prosperity” to the colonies, even great fortunes, because of the “shipment of vast sums of . . . specie from England to America, not only as pay for the soldiers, teamsters, army pioneers, bateau-men, and others, but also for the purchase at good prices of enormous quantities of food, supplies and other things needed for carrying on the war.”There were other effects as well, all of which presented some peril for Britain; the American colonies soon emerged as an economic powerhouse, soon out producing Britain in, ships and steel because of its natural advantages. In Great Britain, in the 1760’s there was almost a 100% face value tax on imported tea.This was comprised of a 25% import tax on face value plus an additional excise of 25% plus 1 shilling per pound for tea sold for domestic consumption.Q. The use of the word specie in the passage denotesa)food, supplies and other things needed for carrying on the war.b)tax on tea and other essential commodities to cover the costs of war.c)money for payment of salaries and for purchase of supplies.d)animals such as horses, mules and cattle.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice Class 12 tests.
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