Unit 5: Early Presidents Review (Part 1)

1. 1.Certificates of Debt, otherwise known as stocks, were used to help pay for The American Revolution.

(pg. 250)

• True

• False

Answer explanation

The statement is false because Certificates of Debt were not stocks; they were bonds issued to finance the war. Stocks represent ownership in a company, which is not applicable in this context.

2.Thomas Jefferson felt that the government should repay the total value of all bonds, even though it might seem unfair to people who had already sold their bonds at a loss.

(pgs. 250-251)

• True

• False

Answer explanation

Thomas Jefferson believed in repaying the full value of bonds to uphold trust in the government, regardless of the losses incurred by those who sold their bonds. Therefore, the statement is false.

3.Southern states disagreed with the idea that the federal government should pay off the debt of the states.

(pg. 251)

• True

• False

Answer explanation

True. Southern states did not want to help the federal government pay the debts of other states because states in the south did not have as much war debt as northern states.

4.Alexander Hamilton did not want the federal government to pay off bonds because he felt it would cheat people who had already sold their bonds at a loss.

(pgs. 250-251)

• True

• False

Answer explanation

False. Alexander Hamilton actually supported the federal government paying off bonds to establish credit and did not prioritize the interests of those who sold their bonds at a loss.

5.The national capital was moved to Boston in 1791 for ten years.

(pg. 252)

• True

• False

Answer explanation

The statement is false because the national capital was moved to Philadelphia, not Boston, for a period of ten years from 1790 to 1800.

6.Benjamin Franklin believed in a strong central government that balanced power between wealthier citizens and the “masses”.

(pg. 252)

• True

• False

Answer explanation

Alexander Hamilton believed in a strong central government that balanced power between the “mass of the people” and wealthier citizens. Therefore, the statement is false.

7.George Washington believed in protecting the rights of the states and that it was the right of the people to rule the country.

(pg. 252)

• True

• False

Answer explanation

Thomas Jefferson believed that it was the right of the people to rule the country.

8.Alexander Hamilton felt that the economy should be based on business and manufacturing while Thomas Jefferson felt that farmers should be protected because they were the most important voters.

(pgs. 252-253)

• True

• False

Answer explanation

True. Alexander Hamilton advocated for an economy focused on business and manufacturing, while Thomas Jefferson prioritized the protection of farmers, viewing them as crucial voters.

9.The Elastic Clause of The Constitution states that congress can “make all laws necessary and proper” to govern the nation.

(pg. 254)

• True

• False

Answer explanation

The Elastic Clause, also known as the Necessary and Proper Clause, allows Congress to create laws essential for executing its powers, confirming that the statement is true.