In 1836, How Did Congress React to the Rising Tide

question 64

Multiple Choice

In 1836, how did Congress react to the rising tide of abolitionism?

• A)By ending the slave trade in Washington, D.C.
• B)By banning slavery in the territories
• C)By passing a "bill of rights" for slaves
• D)By passing a gag rule forbidding Congress to address the abolition of slavery

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Definitions:

Behavioral Economists

Economists focusing on how psychological, social, cognitive, and emotional factors influence the economic choices made by individuals and institutions.

Systematic Errors

Errors that consistently occur in the same direction and are caused by faults in the measurement system, not randomness.

Irrational

Behavior or actions that are not based on sound judgment or logic, often contrary to self-interest.

Financial Crisis

A situation where financial assets suddenly lose a significant part of their nominal value, often leading to bankruptcies and economic downturns.