During Andrew Jackson's Presidency, What Occurred in the Financial Realm

question 46

Multiple Choice

During Andrew Jackson's presidency, what occurred in the financial realm?

• A) The administration refused requests for federal expenditures for roads.
• B) The tariff was raised.
• C) The budget of the Second Bank of the United States increased by the end of his second term.
• D) The national government debt was eliminated.
• E) Democrats increased expenditures.

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Definitions:

Reshoring

The practice of bringing manufacturing and production back to a company's original country from overseas to improve control and reduce costs.

Global Sourcing

The practice of sourcing goods and services from the global market, exploiting global efficiencies in the cost and quality of products and services.

Buy America

A set of legal requirements in the United States that mandates the use of American-made products in various construction projects financed by federal funds.

Energy Costs

Expenses associated with the consumption of energy, including electricity, gas, and other fuels, crucial for the operation of businesses and households.