What Was the Dispute in the 1830s Nullification Crisis

question 56

Multiple Choice

What was the dispute in the 1830s Nullification Crisis?

• A) South Carolina argued that a state had the right to override a federally-enacted tariff.
• B) The New England states claimed that they could secede from the Union if they desired.
• C) Virginia argued that Congress could not regulate trade on rivers or lakes.
• D) New York demanded that the larger states be given more senators than small states
• E) Massachusetts asserted that state laws took precedence over federal legislation.

---

Definitions:

Initial Public Offerings

The first sale of stock by a private company to the public, often to raise capital for expansion.

Volatile

Describing something prone to rapid and unpredictable changes, especially in the stock market or prices.

Risky

Associated with or exposed to a high level of uncertainty and the possibility of experiencing loss or harm.

Debt Financed

The use of borrowed funds to finance projects, acquisitions, or investments, often under terms of repayment with interest.