Senator Daniel Webster, in Opposing the New Bank of the United

question 52

Multiple Choice

Senator Daniel Webster, in opposing the new Bank of the United States in 1816, spoke for the interests of

• A) New England Federalists who feared the rising financial power of Philadelphia.
• B) southern planters who feared skyrocketing inflation.
• C) westerners who were angry that there would not be branches in every state.
• D) Old Republicans who were worried about the interest on their farm mortgages.
• E) economic nationalists who felt a trade war with Britain would improve the economy.

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Definitions:

Most Profitable

Referring to the highest gain or financial return compared to costs or investments.

Product

A good, idea, method, information, object, or service created as a result of a process and serves a need or satisfies a want.

Split-off Point

The stage in a process where multiple products become separately identifiable, and each can be processed further or sold.

Processing Further

A decision-making process in cost accounting used to determine whether additional costs should be incurred in further processing products before sale.