Hamilton & The National Bank (Slides 5 & 6)

Hamilton & The National Bank (Slides 5 & 6)

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Same as always. Green means highlight & yellow mean type it in

Multiple Choice

What was Alexander Hamilton's biggest challenge as the first Secretary of the Treasury?

• paying off the national debt

• paying off his supporters

• paying off George Washington

• taking his photo for the $10 bill

Multiple Choice

Why did Hamilton decide to pay foreign debt first?

• to keep the United States citizens happy

• needed to keep peace with other countries to avoid war

Multiple Choice

Why did Hamilton want to help pay the $25 million state debts?

• the state governments never supported the Revolution

• to help the national economy

Multiple Choice

Why did the government decide to move the capital of the United States from Philadelphia to Washington D.C.?

• win the South's support to pay part of the states' debts

• win the North's support to pay part of the states' debts

The next slides are NEW information that need to be copied to SLIDE 7. As you read the slides, please fill in the necessary information as we usually do.

Remember green = highlight & yellow = type down the answer!

Multiple Select

Why did Hamilton want a national bank?

Please check all the are correct

• a place for the government to safely deposit money

• so loans could be given to the government

• so loans could be given to businesses

• Hamilton was against the national bank

Multiple Choice

Hamilton knew that states’ rights supporters would oppose his idea of a national bank. Why?

• gives state government too much power over the national govt

• gives national government too much power over the state govt

Multiple Choice

How was Hamilton able to get the national bank passed with so much resistance against it?

• he limited the bank's charter for 10 years & we will look again

• he limited the bank's charter for 15 years & we will look again

• he limited the bank's charter for 20 years & we will look again

• he limited the bank's charter for 30 years & we will look again

Multiple Select

TWO PARTS

Jefferson & Madison said Hamilton's economic plan gave:

• not enough power to the national government

• gave too much power to the national government

• Constitution did not give Congress power to create a bank

• Constitution did give Congress power to create a bank

Multiple Choice

Jefferson & Madison favored STRICT CONSTRUCTION of the Constitution. What is this?

• the govt should do only what the Constitution says it can

• the govt can take actions the Constitution does not forbid

Multiple Choice

Hamilton favored LOOSE CONSTRUCTION of the Constitution. What is this?

• the govt should do only what the Constitution says it can

• the govt can take actions the Constitution does not forbid

Multiple Choice

The country's first national bank was chartered in 1791. What was it called?

• Bank of America

• Bank of the United States