Author Question: In 1836, Congress passed a distribution act that required the federal government to A. disperse ... (Read 49 times)

vicotolentino · **on:** Sep 21, 2019

Question 1

President Martin Van Buren's subtreasury system

A. quickly failed.

B. created a new national bank.

C. did not pass until his successor's administration.

D. never became law.

E. consisted of a controversial, new financial system to replace the Bank of the United States.

Question 2

In 1836, President Andrew Jackson's specie circular

A. was of considerable political benefit to Martin Van Buren.

B. required foreigners doing business in the United States to pay their debts in hard currency.

C. caused a significant rise in prices, especially the price of land.

D. was defeated by Congress.

E. resulted in a severe financial panic.

Question 3

In 1836, Congress passed a distribution act that required the federal government to

A. disperse its surplus funds to the states.

B. parcel out Indian land to the states.

C. apply a higher tax to foreign bondholders.

D. make pension payments to veterans of the War of 1812.

E. reward loyal Democrats with government jobs.