What Early 1868 Action by Andrew Johnson Sparked His Impeachment

question 48

Multiple Choice

What early 1868 action by Andrew Johnson sparked his impeachment by the U.S. House of Representatives?

• A) He fired Secretary of State William Seward, an ally of Radical Republicans.
• B) He vetoed a bill to extend the life of the Freedmen's Bureau.
• C) He allegedly violated the Tenure of Office Act.
• D) He defiantly released a letter showing he had given support to the Confederacy in 1863.

---

Definitions:

Adverse Selection

Adverse selection is a phenomenon in economics and insurance where parties at a disadvantage due to asymmetric information are more likely to participate in an agreement or purchase, potentially leading to a market failure.

Asymmetric Information

A situation in which one party in a transaction has more or superior information compared to another, often leading to an imbalance in power or unfair advantages.

Adverse Selection

A situation in which one party in a transaction has more or better information than the other, often leading to a misallocation of resources.

Moral Hazard

A situation in economic theory where one party is willing to take more risks because the negative consequences of the risk will be borne by another party.