Risk Management & Assessment Flashcards

The Virginia Stamp Act Resolves of 1765, led by Patrick Henry, argued that:

Answer: Only colonial assemblies could tax Virginians

The resolves challenged Parliament's power to tax colonists who had no representation.

What decisive factor trapped Cornwallis at Yorktown in 1781?

Answer: A French fleet blocking escape by sea combined with Washington's army

The French navy cut off British escape while American and French troops besieged the town by land.

Which weakness of the Articles of Confederation created national financial risk?

Answer: Congress could not levy taxes

Without taxing power, Congress could not pay debts or fund an army.

Shays' Rebellion (1786–1787) convinced many leaders that:

Answer: A stronger national government was necessary

The uprising exposed the weak central government and spurred the Constitutional Convention.

Who wrote the Virginia Statute for Religious Freedom?

Answer: Thomas Jefferson

Jefferson authored the statute, which separated church and state in Virginia.

From which country did the United States buy the Louisiana Territory in 1803?

Answer: France

Napoleon's France sold the territory for about $15 million, doubling U.S. size.

What was the main purpose of the Federalist Papers?

Answer: To persuade New York voters to ratify the Constitution

Hamilton, Madison, and Jay wrote them to win ratification of the Constitution.