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:

Market Rate

The prevailing price or interest rate for goods, services, or securities in a free market.

Sale and Issuance

The process of selling securities to investors and recording the transaction in the company's financial statements.

Secured Bonds

bonds that are backed by collateral, providing a guarantee of repayment to bondholders in the event of the issuer's default.

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