Who of the Following Did Not Support the Economic Plan

question 45

Multiple Choice

Who of the following did not support the economic plan called the American System?

• A) Young Democratic-Republicans from the West
• B) Southern cotton plantation owners
• C) Henry Clay of Kentucky
• D) Younger politicians from the Middle Atlantic states
• E) John C. Calhoun of South Carolina

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Definitions:

Credit Column

A column in accounting records or financial statements used to record amounts that reduce balances in asset or expense accounts, or increase balances in liability, equity, or revenue accounts.

Financial Statement

A written record that conveys the financial activities and conditions of a business or individual.

Normal Balance

The side (debit or credit) of an account that increases its value, reflecting the conventional balance based on accounting rules.

Financial Statements

Documents that give an overview of a business's financial condition in both short and long term, including but not limited to, income statements, balance sheets, and statements of cash flows.