Why Did Madison Feel He Had No Choice but to Reinstate

question 64

Multiple Choice

Why did Madison feel he had no choice but to reinstate a boycott against Britain and thereby invite war?

• A) Napoleon offered a naval alliance that Madison could not refuse.
• B) The public outcry caused by Chesapeake affair forced Madison to act against Britain.
• C) Napoleon craftily took advantage of Macon´s Bill No. 2 and pushed Madison to gamble on the French leader´s suggestion of cooperation.
• D) Madison bowed to pressure from the war hawks to defend the honor of impressed American soldiers.
• E) He believed the benefits to American manufacturers of a boycott were too great to pass up.

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Definitions:

Acquisition

The process by which a company purchases most or all of another company's shares in order to take control of it.

Fair Value

The financial gain from selling an asset or the financial outlay for relocating a liability in an orderly market activity on the designated measurement day.

Consolidated Revenues

Total revenues generated by a parent company and its subsidiaries, presented in a combined form on the financial statements.

Contingency Payment

A payment that is made only if specific conditions are met, often used in acquisitions or contractual agreements.