The American revolution March 5, 2019

• What is debt?

Debt is an amount of money by one person from another. Debt is used by many
corporations [like banks] and individuals as a way to make large purchases that they
could not under normal circumstances. A debt arrangement gives an
individual permission to borrow money under the condition that it is to be ,
usually with interest.
• What are some examples?

1)
2)
3)

 Why were the British in debt?

- and creation of colonies in north America

- The British had just defeated the during the seven years war.
- In order to protect the 13 colonies from potential and
attack, there was a troop of 10,000 British soldiers placed there to protect the land and
people.

 How does a nation get out of debt?

1)
2)
3)