Which of the Following Was an Objection Raised by Critics

question 13

Multiple Choice

Which of the following was an objection raised by critics of Hamilton's proposals?

• A) Hamilton's plan for bonds was not doing enough to help speculators invest.
• B) A whiskey tax would lead to prohibition of alcohol.
• C) The proposals would do virtually nothing to aid in the development of manufacturing.
• D) Hamilton's program would create a corrupt alliance between government and large commercial interests.

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Definitions:

Exchange Rates

The valuation of one currency in the process of being exchanged for another.

Balance Of Payments

A record of all economic transactions during a given period between residents of one country and residents of the rest of the world.

Euros

The eurozone's official currency, adopted by 19 out of the 27 countries in the European Union.

Financial Account

A component of the balance of payments that records transactions involving financial assets and liabilities between residents of a country and the rest of the world.