In the First Half of the Nineteenth Century, Paper Money

question 70

Multiple Choice

In the first half of the nineteenth century, paper money:

• A) could be issued only by the Second Bank of the United States.
• B) was illegal.
• C) promised to pay the bearer on demand a specific amount of gold or silver.
• D) never changed its value because of U.S. government guarantees.

---

Definitions:

Permission to Incorporate

Official authorization or approval granted to establish a corporation or legal entity.

Corporate Capitalist State

A socioeconomic system where corporate entities and economic elites have significant influence over state policies and governance, often leading to a fusion of corporate and state power.

Faith and Trust

The belief in the reliability, truth, or strength of someone or something without requiring proof.

No Liability

A legal status indicating that an individual or entity is not responsible for certain actions or debts.