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U.S. History: Hamilton vs. Jefferson Quiz

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U.S. History: Hamilton vs. Jefferson Quiz

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Questions and Answers

What was Alexander Hamilton's primary objective regarding national and state debt?

To settle national and state debt gradually (correct)

To eliminate all national debt immediately

To allow states to manage their own debts

To borrow more money from foreign countries

Which of the following best describes Thomas Jefferson's view on repaying bonds?

He believed bondholders should only receive half their money back.

He opposed repaying the full value because it would disadvantage certain bondholders. (correct)

He supported repaying the full value, regardless of bondholder actions.

He advocated for immediate repayment of all bonds to maintain trust.

What was one of Hamilton's major actions to strengthen the U.S. economy?

He eliminated all foreign debts.

He created a national bank. (correct)

He proposed higher taxes for citizens.

He established a system of state banks.

How do 'loose construction' and 'strict construction' of the Constitution differ fundamentally?

Loose construction allows for implied powers, while strict construction limits actions to those explicitly stated. Signup and view all the answers

What was one of Hamilton's key arguments for establishing a national bank?

It provided a secure place to store government funds. Signup and view all the answers

What was a consequence of bondholders selling their bonds to speculators?

The government's ability to repay bonds was undermined. Signup and view all the answers

How did Hamilton's financial plan address state debts?

It proposed that the federal government repay all state debts. Signup and view all the answers

What was Jefferson's main concern regarding Hamilton's financial policies?

They concentrated too much power in the federal government. Signup and view all the answers

Which of the following best describes Hamilton's and Jefferson's views on the Constitution?

Hamilton supported loose construction, while Jefferson favored strict construction. Signup and view all the answers

How did Hamilton’s relocation of the US capital influence his financial plan?

It helped secure southern states' support for his financial strategy. Signup and view all the answers