Question

In: Economics

1.When Alexander Hamilton proposed the creation of a National Bank, primarily who stood to benefit from...

1.When Alexander Hamilton proposed the creation of a National Bank, primarily who stood to benefit from that institution?

Group of answer choices

A.Urban Workers.

B.Foreign Speculators.

C.Merchants and Bankers.

D.Landowners.

2.All of the following sentences are true. Which of them best describes the function of the New York "House of Refuge" in the 1820s?

Group of answer choices

A.Children who had lost both parents were offered free room and board by the House of Refuge.

B.Children who had committed petty crimes were sent by their parents or the authorities to be kept in the House of Refuge.

C.Inmates of the House of Refuge were held there against their will.

D.The House of Refuge was a charitable institution organized by private citizens to meet a public need.

3.Which institutions of the federal government took active steps to defend slavery during the 1850s?

Group of answer choices

A.The Supreme Court

B.Congress

C.All of the above

D.The President

4.During the Civil War, how did the federal government actively promote capitalist businesses?

Group of answer choices

A.By steering abandoned and confiscated plantation land to Northern investors.

B.All of the above.

C.By allowing factory owners to award defense contracts amongst themselves.

D.By giving grants and subsidies to railroad companies.

5.All of the following sentences are true. Which of them best describes the function of the New York "House of Refuge" in the 1820s?

Group of answer choices

A.Children who had lost both parents were offered free room and board by the House of Refuge.

B.Children who had committed petty crimes were sent by their parents or the authorities to be kept in the House of Refuge.

C.Inmates of the House of Refuge were held there against their will.

D.The House of Refuge was a charitable institution organized by private citizens to meet a public need.

Solutions

Expert Solution

1.Option C

He was the first secretary of the treasury and created America's central bank. Hamilton's system gave the new nation the ability to issue paper money, lend the government money and promote business and industry by extending credit

2.Option B

The New York House of Refuge was the first juvenile reformatory in the United States. During its one hundred and ten year history, from 1825 to 1935, the House of Refuge pioneered the treatment of juvenile delinquents and served as the model for other reformatories.

3.Option A

The Fugitive Slave Act of 1850 required all citizens to help catch runaway slaves. People who let fugitives escape could be fined and jailed. The new law also set up special courts to handle the cases of runaways. Suspects were not allowed a jury trial. Judges received $10 for sending an accused runaway to the South but only $5 for setting someone free. Lured by the extra money, some judges sent African Americans to the South whether or not they were runaways.

4 Option D

The land grant railroads, receiving millions of acres of public land, sold the land to make money, built their railroads, and contributed to a more rapid settlement of the West. In the end, four out of the five transcontinental railroads were built with help from the federal government


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