WorksheetsThe National Bank
Total questions: 16
Worksheet time: 16mins
What was wrong with the Banks of England in 1789?
They didn't have any gold
They forced debtors to pay them
They printed their own money
There were no banks
What was bad about the gold standard
The value of gold slowly went down over time, which brought the money value down
People could just mine their own gold, rather than using a bank
People could easily go and rob a bank of their gold
Banks couldn't loan more than the gold they had in their vaults
If the loans a bank gives out exceeds the amount of gold in its vault, what happens to the value of the money?
It goes down
It goes up
It doesn't change
Who had a different idea than Hamilton for the banks?
Washington
Jefferson
Burr
Schuyler
What was one of Jefferson's objections for a national bank?
They already had a bank
He didn't like gold and silver
He wanted to keep his own money at his house
The constitution didn't allow the government to establish a national bank
Did Jefferson think the national bank would boost or sedate the economy?
Sedate
Boost
In the end, what did Jefferson think about the national bank?
It was just a nice place to store his money
Hamilton's bank system was a work of genius, and he couldn't undo it if he tried
It just put people in massive debt and was overall horrible
Hamilton's bank system was the worst thing to ever happen to the US
What type of bank did Jefferson want?
A national bank
A private bank
A state bank
A world-wide bank
Why did Hamilton want a national bank?
So the government had a place to store money
So people could take out loans and store their money
So people could get rich
Because he wanted to be like England
Was a national bank ever created while Hamilton was still alive?
Yes
No
What does credit represent
How much money you owe
How reliable you are to pay back loans
Your net worth
How many credit cards you have
Where would the national bank's "HQ" be?
Philadelphia
Las Angeles
Nashville
Washington D.C.
What banking system do we use today?
Private Bank
State Bank
National Bank
There are no Banks
Are we still on the gold standard today
No
Yes
Do you think Hamilton's banking system was a good system or not?
Yes
No
I don't know enough about it
I don't care
Who is the best quizizz make ever?
Ian .L.
Ian .L.
Ian .L.
Not Ian .L.
