Unit 5 - Hamilton and National Finances

Unit 5 - Hamilton and National Finances

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Multiple Choice

What denomination is Alexander Hamilton on?

• $1

• $5

• $10

• $20

Multiple Choice

What was the name of the popular Broadway play about Alexander Hamilton?

• Alex the Great

• Hamiltonian

• Alexanderous!

• Hamilton

Multiple Select

Which of the following is true of Alexander Hamilton? (Pick four)

• Was a lawyer

• Helped write the Federalist Papers

• First Secretary of the Treasury

• Fought for the British during the Revolutionary War

• Killed in a duel with Aaron Burr

Hamilton Developed a Financial Plan for the National Government

• Wanted to pay off the national debt

• Wanted to create a national bank and a mint so the U.S. could have its own currency

• Wanted to raise tariffs to protect our new industry and use the money to finance the government

• The Southern states did not like the tariff because many of them paid their debts off.

• Hamilton agreed to build the new national capital in the South and Maryland and Virginia donated the land.

Multiple Choice

Which of the following was not part of Hamilton's Financial Plan?

• Make interest free loans to farmers

• Pay off national debt

• Create a National Bank

• Create our own currency

Multiple Choice

What two states donated the land to create the new capital?

• New Jersey and Massachusetts

• Virginia and North Carolina

• Georgia and South Carolina

• Maryland and Virginia

Jefferson Opposes Hamilton

• Jefferson wanted a nation of gentlemen farmers not cities

• Jefferson though people would be able to live independently without relying on others to make a living

• Was against the tariff because it raised the price of goods the farmers bought from Europe

• Hamilton wanted the wealthy to rule the government and Jefferson wanted educated citizens to rule the country

  
  

Poll

Which person would you want to lead the nation as president?

• Hamilton

• Jefferson

Multiple Choice

Jefferson wanted people to crowd into cities so they would be dependent on government for their needs.

• True

• False

A National Bank

• Hamilton saw the bank as necessary to grow the nation and provide money to industry and government

• Jefferson saw the bank as something that benefited the elite at the expense of the regular citizen

• Jefferson said the Constitution gave no authority to create a national bank (Strict Construction)

• Hamilton thought the elastic clause gave him the authority to create the bank (Loose Construction)

• In the end Washington agreed with Hamilton and the bank was created with a 20 year charter and was built in Philadelphia

• Jefferson resigned as Secretary of State

Multiple Choice

What city was the first National Bank located in?

• New York

• Boston

• Washington D.C.

• Philadelphia

Multiple Choice

Hamilton believed in the loose construction of the Constitution and Jefferson believed in the strict construction of the Constitution.

• True

• False

Multiple Select

Which of the following is true of Ben Banneker? (Pick Four)

• Born in Maryland

• Created his own almanac

• Helped create Washington D.C.

• Built his own clock that was very precise

• Made a prototype of the first hot air ballon