Although Alexander Hamilton Developed Policies to Promote Industry at the Beginning

question 25

Multiple Choice

Although Alexander Hamilton developed policies to promote industry at the beginning of the American republic's history, it was not until _______________, that the federal government began playing a central role in promoting economic growth.

• A) the Civil War, which brought commerce to a halt in large swaths of the country for years
• B) the late nineteenth century, when small farmers and business people began clamoring for regulation
• C) the twentieth century, especially with the Great Depression and the New Deal programs created to battle it
• D) the 1970s, when runaway inflation and a stagnant economy threatened American economic stability

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Definitions:

Tax Lowered

The reduction of the rates at which individuals or corporations are taxed by the government.

Demand and Supply

Refers to the economic model that determines the price of goods in a market based on the quantity demanded by consumers and the quantity supplied by producers.

False and Deceptive

Activities or practices that intentionally mislead consumers or misrepresent facts for gain.

Bill of Rights

A collective name for the first ten amendments to the United States Constitution, guaranteeing such rights as the freedoms of speech, assembly, and worship.