When It Was Established by Congress, the Second Bank of the United

question 13

Multiple Choice

When it was established by Congress, the Second Bank of the United States was

• A)feared by Federalists.
• B)intended to keep and distribute all federal funds.
• C)intended to print all the paper money needed by the government.
• D)opposed by Calhoun, Clay, and Madison.
• E)intended to stop economic growth in the unstable United States.

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Definitions:

Antitrust Laws

Legislation enacted by the government to prevent new monopolies from forming and police those that exist to protect consumers from exploitative practices.

Justice Department

A national executive department responsible for enforcing the law and administering justice, typically including courts and law enforcement entities.

Monopoly Power

The ability of a monopoly to dictate the terms and conditions of the goods or services it provides, including price.

Business Travelers

Individuals who travel for work or professional reasons, often requiring accommodations, conference facilities, and other travel-related services.