The TARP Program

question 108

Multiple Choice

The TARP program

• A) provided $25 billion of debt relief to citizens who owed federal taxes.
• B) allocated $500 million to individuals who defaulted on their mortgages.
• C) provided low-interest-rate loans for students attending college.
• D) allocated $700 billion to keep banks from failing.
• E) provided low-interest-rate loans for new homeowners.

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Definitions:

Freedmen

Individuals who have been released from slavery or bondage, often used in the context of the emancipated slaves in the United States after the Civil War.

Congressional Elections

The process by which members of the United States Congress, including both the House of Representatives and the Senate, are elected by the voters in their respective constituencies.

Republican Congressional

Pertaining to a period or context in which the Republican Party holds significant power or influence in the United States Congress.

Andrew Johnson

The 17th President of the United States, serving from 1865 to 1869, known for his efforts to restore the southern states after the Civil War and his subsequent impeachment.