James Madison opposed funding the national debt at face value because

a. inflation had virtually destroyed investments in the government.
b. most of the debt was held not by the original lenders but by profiteering speculators.
c. his rival, Alexander Hamilton, stood to make a large profit from funding.
d. Madison’s own state of Virginia would foot the bill for the funding act.
e. none of these choices.


ANS: B

History

You might also like to view...

At his stop in Tierra del Fuego, Charles Darwin recognized that

a. the diversity of the area was a result of evolution over an immense period of time. b. native peoples were able to live in such extreme climates because their bodies had adapted to the environment. c. the native peoples there belonged to an inferior race. d. the very different conditions there were because species had evolved differently in different locations.

History

When the war ended, approximately 3 million American men had served in the military on both sides

Indicate whether the statement is true or false.

History

Which of the following is associated with the Yuan leaders of China, after the death of Khubilai Khan?

a. Spoke and wrote Chinese. b. Knew little of life on the steppes. c. Reinstated civil service examinations. d. Introduced a new Neo-Confucian examination curriculum. e. All of these choices.

History

What groups preceded universities in the organized study of science?

A) Salons were formed to spread the knowledge among the educated elite. B) Guilds of scientists were formed to share the knowledge and experiment. C) Sir Francis Bacon formed the first group in Italy. D) Groups like the Royal Society were formed by scholars and seekers of knowledge backed by wealthy patrons. E) None of these

History