In 1836,Congress Passed a "Distribution" Act That Required the Federal

question 85

Multiple Choice

In 1836,Congress passed a "distribution" act that required the federal government to

• A) apply a higher tax to foreign bondholders.
• B) parcel out Indian land to the states.
• C) reward loyal Democrats with government jobs.
• D) make pension payments to veterans of the War of 1812.
• E) disperse its surplus funds to the states.

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Definitions:

Registration of Securities

The process by which securities are registered with the Securities and Exchange Commission or a state securities agency prior to being offered to the public.

Brokers and Dealers

Individuals or firms in the finance industry that buy and sell securities or commodities on behalf of themselves (dealers) or others (brokers).

Tender Offers

refer to a public proposition by a person or entity to buy shares of a company from its shareholders at a specified price for a certain period, often aiming to gain control of the company.

Proxy Solicitations

The process of requesting the authorization from shareholders to vote on their behalf in company decisions, typically at shareholder meetings.