Why did Hamilton want to establish a national bank? A:A. to help the government collect taxesB:B. to give the nation a stable currencyC:C. to expand businesses by making loansD:D. all of the above

According to Hamilton, which part of the Constitution allowed Congress to set up a national bank? A:A. the Full Faith and Credit ClauseB:B. the Elastic ClauseC:C. the Establishment ClauseD:D. the Due Process Clause

Why was the Federal Reserve created?A.To manage the fiscal policy of the United StatesB.To eliminate the need for smaller state banksC.To allow states to control the types of currency they useD.To help stabilize the U.S. banking system

Why did U.S. leaders decide to create the Federal Reserve?A.Economic panics showed that the banking system was not stable.B.State banks needed the power to create their own currencies.C.Small banks requested additional government oversight.D.The United States needed to have a single type of currency.SUBMITarrow_backPREVIOUS

Many Americans opposed Hamilton's proposal to have the national government assume debts owed by the states because:most congressmen did not want speculators to gain profits from the schemethe Republicans feared that the national government would get too bureaucraticstates that had already paid a large proportion of their debt would have to help pay the debts of other statesall of the aboveNEXT QUESTION

Which statement reflects a view held by Thomas Jefferson? A:A. The nation’s economy depends on bankers and merchants.B:B. Wealthy citizens should have the power to govern.C:C. The national bank supports the goals of farmers.D:D. Informed citizens can make good decisions for the country.