Shays's Rebellion Was Significant Because It Demonstrated

question 81

Multiple Choice

Shays's Rebellion was significant because it demonstrated

• A) that land distribution policies were out of date.
• B) that controversies over the emancipation of slaves could turn violent.
• C) that Congress's attempts to pass pro-debtor laws were unpopular with farmers.
• D) the need for a stronger central government.
• E) the chaotic nature of Indian policy after the Battle of Fallen Timbers.

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Definitions:

Effective-Interest Method

A method of calculating the amortized cost of a bond and the amount of interest expense over its relevant period.

Amortization

The process of spreading out the cost of an intangible asset over its useful life or the repayment of loan principal over time.

Interest Expense

The cost incurred by an entity for borrowed funds over a period, reflected in its income statement.

Contractual Interest Rate

The agreed-upon rate of interest to be paid on loans or bonds, specified within a contract.