As a Result of the Federalist Party Becoming Virtually Extinct

question 53

Multiple Choice

As a result of the Federalist Party becoming virtually extinct after the election of 1820 _______________________.

• A) ​Congress created a second party to compete with the Democratic-Republicans
• B) ​the lack of competition caused a fragmenting within the Democratic-Republican Party
• C) ​the Twelfth Amendment was passed to create another party
• D) ​the Democratic-Republican Party unified to nominate a single candidate for president in 1824
• E) ​every subsequent president until 1900 was a Democratic Republican

---

Definitions:

Keynes-Hayek

Refers to the economic theories and public debate between John Maynard Keynes and Friedrich Hayek, two prominent economists with differing views on government intervention in the economy.

Government Intervention

The act by which a government takes actions to affect or influence the economy, markets, or individual activities, often to correct market failures or achieve a more equitable distribution of resources.

Free Markets

Economic markets that are largely free from government intervention, where prices are determined by supply and demand.

Man Of System

Refers to an individual who believes in strictly applying their own theoretical systems to society, without accommodating for the variability of human nature.