Alexander Hamilton recommended that the federal government raise ...

[PhilipSeeMore]

Question 1

Alexander Hamilton's plan for the federal government to assume state debts was passed by Congress after a deal was made to
 
  A. eliminate the national bank.
 
  B. give a pay increase to government employees.
 
  C. locate the nation's capital between Virginia and Maryland.
 
  D. create two new states in the West.
 
  E. appoint key Jefferson allies to the Washington administration.

Question 2

Alexander Hamilton's funding plan
 
  A. was eventually passed by Congress essentially as Hamilton had desired.
 
  B. was rejected by Congress.
 
  C. called for paying all bondholders only a fraction of the value of the bonds.
 
  D. was supported by James Madison.
 
  E. called for dividing bonds between their original purchasers and speculators.

Question 3

Alexander Hamilton recommended that the federal government raise revenue through
 
  A. a sales tax and a property tax.
 
  B. an import tax and a personal income tax.
 
  C. an excise tax and an import tax.
 
  D. a sales tax and a personal income tax.
 
  E. an excise tax and a sales tax.

[jennafosdick]

Answer 1

C

Answer 2

A

Answer 3

C