Chapter 92. Reflections on Hamilton’s Economic Policies, Chapter 9

There is no right or wrong answer to this question. Your answer has been accepted and your response will be reviewed by your instructor.

Correct. The answer is d. The author’s main point in this section of the chapter is that, as the new Secretary of the Treasury, Alexander Hamilton offered ambitious proposals to solidify the U.S. financial system during the 1790s, and that Hamilton’s proposals produced both stability and conflict on the American political scene.

Incorrect. The answer is d. The author’s main point in this section of the chapter is that, as the new Secretary of the Treasury, Alexander Hamilton offered ambitious proposals to solidify the U.S. financial system during the 1790s, and that Hamilton’s proposals produced both stability and conflict on the American political scene.

Correct. The answer is a. Hamilton’s proposal that the federal government should fund the war debts incurred by the states was controversial, but his opponents ultimately agreed to support the plan. The federal government’s assumption of the states’ war debts eased the economic problems of states like Massachusetts, which had relied on heavy taxation to pay its loans; it also consolidated federal power over the states, strengthening the new federal government.

Incorrect. The answer is a. Hamilton’s proposal that the federal government should fund the war debts incurred by the states was controversial, but his opponents ultimately agreed to support the plan. The federal government’s assumption of the states’ war debts eased the economic problems of states like Massachusetts, which had relied on heavy taxation to pay its loans; it also consolidated federal power over the states, strengthening the new federal government.

Correct. The answer is d. As evidence to support her contention that Hamilton’s economic policies caused intense conflict in the United States during the 1790s, the author discusses Hamilton’s decision to raise government funds through an excise tax on whiskey, and American farmers’ response to the new policy. Faced with the requirement that they pay a 25 percent tax on the grain they brought to distilleries, farmers conveyed their resentment to Congress, threatened tax collectors, and organized a rebellion that spurred President Washington to nationalize the Pennsylvania militia as a federal show of force.

Incorrect. The answer is d. As evidence to support her contention that Hamilton’s economic policies caused intense conflict in the United States during the 1790s, the author discusses Hamilton’s decision to raise government funds through an excise tax on whiskey, and American farmers’ response to the new policy. Faced with the requirement that they pay a 25 percent tax on the grain they brought to distilleries, farmers conveyed their resentment to Congress, threatened tax collectors, and organized a rebellion that spurred President Washington to nationalize the Pennsylvania militia as a federal show of force.

Correct. The answer is c. According to the author, Hamilton was able to implement the proposals he set forth in his Report on the Public Credit because he was able to work out a compromise deal with Thomas Jefferson and James Madison. Jefferson and Madison agreed to contain their opposition to Hamilton’s proposals to fund the debt if Hamilton agreed to support their proposal to place the nation’s new capital city in the South.

Incorrect. The answer is c. According to the author, Hamilton was able to implement the proposals he set forth in his Report on the Public Credit because he was able to work out a compromise deal with Thomas Jefferson and James Madison. Jefferson and Madison agreed to contain their opposition to Hamilton’s proposals to fund the debt if Hamilton agreed to support their proposal to place the nation’s new capital city in the South.

Correct. The answer is c. One piece of evidence the author cites to demonstrate that the United States verged on an economic resurgence in 1790 is the state of international grain prices during that time. She reports that underproduction of grains in war-stricken Europe led to an increase in grain prices, which motivated American farmers to boost agricultural production for the export trade. Their increasing harvests created more jobs for millers, coopers, dockworkers, and ship builders, spurring tremendous economic domestic economic growth.

Incorrect. The answer is c. One piece of evidence the author cites to demonstrate that the United States verged on an economic resurgence in 1790 is the state of international grain prices during that time. She reports that underproduction of grains in war-stricken Europe led to an increase in grain prices, which motivated American farmers to boost agricultural production for the export trade. Their increasing harvests created more jobs for millers, coopers, dockworkers, and ship builders, spurring tremendous economic domestic economic growth.

There is no right or wrong answer to this question. Your answer has been accepted and your response will be reviewed by your instructor.

There is no right or wrong answer to this question. Your answer has been accepted and your response will be reviewed by your instructor.

There is no right or wrong answer to this question. Your answer has been accepted and your response will be reviewed by your instructor.