Political Conflict and Economic Crisis Review

What is a tariff?

• A law that allows states to have power over the federal government.

• A tax on imported goods.

• A federal law that states have the right to nullify.

• An agreement between states to secede from the Union.

Answer explanation

A tariff is a tax on imported goods, making it the correct choice.

What did Vice President John C. Calhoun believe about federal laws that states disagreed with?

• They should be enforced by the president.

• They should be ignored by the states.

• They should be nullified or canceled by the states.

• They should be passed by Congress without state approval.

Answer explanation

Vice President John C. Calhoun believed that federal laws that states disagreed with should be nullified or canceled by the states.

What was the result of the tariffs passed in the 1820s for southerners?

• It helped them to pay less for goods.

• It had no significant impact on their economy.

• It forced them to pay more for goods.

• It allowed them to nullify federal laws.

Answer explanation

The tariffs passed in the 1820s forced southerners to pay more for goods, impacting their economy negatively.

What was the Nullification Act?

• An act that allowed President Jackson to use force to collect tariffs.

• An act that stated the tariffs of 1832 were not legal.

• An act that lowered the tariffs and solved the states' rights issue.

• An act that allowed states to secede from the Union.

Answer explanation

The Nullification Act stated that the tariffs of 1832 were not legal, allowing states to nullify the tariffs within their borders.

Who became president after Andrew Jackson's two terms?

• John C. Calhoun

• Daniel Webster

• Martin Van Buren

• John Quincy Adams

Answer explanation

Martin Van Buren became president after Andrew Jackson's two terms.

What economic event occurred when Martin Van Buren took office?

• The economy boomed and many people found jobs.

• The tariffs were completely abolished.

• The nation was in an economic depression known as the Panic of 1837.

• The issue of states' rights was finally resolved.

Answer explanation

When Martin Van Buren took office, the nation was in an economic depression known as the Panic of 1837, making this the correct choice.

What caused the depression during Van Buren's presidency?

• The establishment of new banks

• Jackson's closing of the Second Bank

• The discovery of gold and silver

• The increase in land prices

Answer explanation

During Van Buren's presidency, one cause of the depression was Jackson's closing of the Second Bank, which led to economic instability and financial crisis.

What did President Jackson order that affected banks and the purchase of land?

• The use of paper money only

• The use of gold or silver when buying land

• The exchange of land for goods

• The creation of a new currency

Answer explanation

President Jackson ordered the use of gold or silver when buying land, which affected the purchase of land and caused some banks to close.

Who won the election of 1840 against Van Buren?

• John Tyler

• William Henry Harrison

• Andrew Jackson

• A Democrat candidate

Answer explanation

William Henry Harrison won the election of 1840 against Van Buren.

What happened to President Harrison after he took office?

• He was re-elected

• He was impeached

• He died while in office

• He resigned

Answer explanation

President Harrison died while in office, making the answer choice 'He died while in office' the correct one.