1. What is the most likely explanation for why Hamilton's financial plan addressed post-war debts?
A) He believed the Southern states would feel closer to the Northern states if they helped pay for the war debts.
B) He wanted to pay the debts back to be ready for a new war.
C) He believed it would "reset" the U.S.'s line of credit and bring stability to the nation.
D) He wanted the U.S. to gain money back to invest in British industries.
2. What best describes how Hamilton's Financial Plan proposed to gain government revenue?
A) The federal government would use taxation and tariffs.
B) State and federal governments would demand money from the countries they allied with in the Revolutionary War.
C) The state governments would assume federal debts, leaving the federal government with more money for revenue.
D) The federal government would assume states' debts, leaving the states with more money for investments.
3. Which most accurately describes an economic impact of Hamilton's financial plan?
A) The plan put severe economic strain on the states and they weren't able to repay their debts.
B) The plan raised so much money that the U.S. was able to buy more territory to make more states.
C) The success of the plan increased foreign interest in investing in U.S. companies.
D) Northerners refused to pay the debts when the nation's capital was moved from New York City to Washington, D.C.
4. What best describes Hamilton's beliefs regarding National Banks
A) Hamilton believed a National Bank would make Britain stronger than the U.S.
B) Hamilton believed a National Bank would unify the Federalists and Anti-Federalists.
C) Hamilton believed a National Bank would serve as a place to hold and create money, thus stabilizing the U.S. economy.
D) Hamilton believed a National Bank would give the government too much control over citizen finances and local economies.
5. What was a political impact of Hamilton's financial plan?
A) The nation's capital moved to Washington, D.C.
B) The plan was such a failure that President Washington resigned.
C) The plan sent the country into an economic depression.
D) The popularity of the plan unified the northern and southern states.
