Financial Problems Reading

Read and answer the question:

Washington himself rarely proposed laws, and he almost always approved the bills that Congress passed. The first president concentrated on foreign affairs and military matters and left the government's economic policies to his dynamic secretary of the treasury, Alexander Hamilton.

What statement is true?

• Washington concentrated on economic policies

• Hamilton approved the bills that Congress passeds

• Washington concentrated on military matters.

• Hamilton concentrated on military matters

Read and answer the question:

Washington himself rarely proposed laws, and he almost always approved the bills that Congress passed. The first president concentrated on foreign affairs and military matters and left the government's economic policies to his dynamic secretary of the treasury, Alexander Hamilton.

What statement is true?

• Washington often proposed laws

• Hamilton often proposed laws

• Washington often approved the bills Congress passed

• Hamilton often approved the bills Congress passed

Read and answer the question.

The new nation faced serious financial problems. The national debt--the amount the nation’s government owed--was growing. Hamilton tried to find a way to improve the government’s financial reputation and to strengthen the nation at the same time.

What did Hamilton try to do?

• To solve the financial problems

• To increase public debt

• To face the nation seriously

• To improve his financial reputation

Read and answer the question.

The new nation faced serious financial problems. The national debt--the amount the nation’s government owed--was growing. Hamilton tried to find a way to improve the government’s financial reputation and to strengthen the nation at the same time.

What did Hamilton try to strengthen?

• The nation´s financial problems

• The national debt

• The nation

• The financial reputation

Read and answer the question.

Hamilton’s Plan

In 1790 Hamilton proposed that the new government pay off the millions of dollars in debts owed by the Confederation government to other countries and to individual American citizens.

Who owed money?

• Hamilton

• The new government

• The Confederation

• American citizens

Read and answer the question.

Hamilton’s Plan

In 1790 Hamilton proposed that the new government pay off the millions of dollars in debts owed by the Confederation government to other countries and to individual American citizens.

Who was proposed to pay the debts?

• Hamilton

• The new government

• The Confederation

• American citizens

Read, then answer the question.
The states had fought for the nation’s independence, Hamilton argued, so the national government should pay for the cost of their help. Hamilton also believed that the federal payment of state debts would give the states a strong interest in the success of the national government.

Who did he want to convince for the new government to be successful?

• The states

• Hamilton

• National government

• The federal government

Read, then answer the question.
The states had fought for the nation’s independence, Hamilton argued, so the national government should pay for the cost of their help. Hamilton also believed that the federal payment of state debts would give the states a strong interest in the success of the national government.

Who nedded to pay?

• The states

• Hamilton

• National government

• The federal government

Read and answer the question:

Congress agreed to pay money owed to other nations, but Hamilton’s plan to pay off the debt to American citizens unleashed a storm of protest.  When the government had borrowed money during the American Revolution, it issued bonds--paper notes promising to repay the money in a certain length of time.

Who was getting paid?

• Congress

• Other nations

• Hamilton

• American Citizens

Read and answer the question:

Congress agreed to pay money owed to other nations, but Hamilton’s plan to pay off the debt to American citizens unleashed a storm of protest.  When the government had borrowed money during the American Revolution, it issued bonds--paper notes promising to repay the money in a certain length of time.

what did the government issue as a promise of payment to its lenders?

• Paper money

• Bonds

• Paper checks

• Paper plans