Growth of Political Parties

Front

Who created the National Bank?

Back

Alexander Hamilton

Front

Which political party had a loose interpretation of the Constitution?

Back

Federalists

Front

The national bank was created to fix the national debt.

Back

True

Front

Which political party wanted an economy based on manufacturing and trade?

Back

Federalists

Front

What did Hamilton believe was important for the US to become a great nation? Options: An economy built on manufacturing, An economy built on agriculture, A partnership with France, Powerful state governments

Back

An economy built on manufacturing

Front

Democratic-Republicans believed that the US economy should be based on

Back

agriculture

Front

According to Hamilton, how would a national bank serve the country's interests? Options: It would eliminate the need for taxes, It would create jobs for US citizens, It would provide loans to businesspeople, It would be a place for foreign countries to deposit money

Back

It would provide loans to businesspeople

Front

Who led Washington's Department of Treasury?

Back

Alexander Hamilton

Front

Alexander Hamilton wanted tariffs in order to

Back

protect American industry from foreign competition

Front

According to Alexander Hamilton, which action was necessary to ensure the stability of the nation's economy? Options: The passage of a trade embargo against Great Britain, The abolition of consumption taxes, The creation of a trade alliance with France, The establishment of a national bank

Back

The establishment of a national bank