ECON 4140 Study Guide - Midterm Guide: Interchangeable Parts, Voting Age, Infant Mortality
23 Apr 2018
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This exam will have 5-10 point questions on it from the questions below. 1. (2 points each) what were the reasons for the founding of the 1st bus? a. It was primarily due to hamilton"s policies to deal with the nancial crises of the new national government: 1. the establishment of tariffs and other taxes for federal revenue; 2. complete refunding of the wartime debts of the continental congress; 3. the assumption by the federal government of the states" wartime debts; 4. the establishment of a new central bank: the creation of a national currency standard based upon newly minted coins. What were the reasons why its charter was not renewed? b. The bank was opposed by many on ideological grounds. It became unpopular because of the regulatory role it assumed for state banks. The bank of u. s. was a net creditor of other banks. It held more of other banks" notes than other banks held of its notes.
