The Decline of the Whig Party in the 1850s Largely

question 20

Multiple Choice

The decline of the Whig party in the 1850s largely happened because

• A) the party introduced a policy of low tariffs at a time when most Americans favored a high protective tariff.
• B) of an internal, north-south split over the slavery issue.
• C) the party supported unlimited immigration and lost popularity among urban workers.
• D) the party became too closely identified with the nation's radical abolitionist faction.
• E) the party did not have a large enough free soil wing to attract Americans who wanted to move west.

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Definitions:

Deficit Financing

The practice of funding government spending by borrowing rather than from taxation, leading to budget deficits.

Interest Charges

The cost incurred by an entity for borrowing funds; these are often calculated as a percentage of the principal amount loaned or the outstanding balance.

Compensating Balance

A minimum bank account balance that a borrower must maintain as part of a loan agreement, often used to offset the cost of the loan.

Deficit Financing

The practice of funding government spending through borrowing rather than through taxation, leading to a government deficit.