Topic 2 Level 1 Simulation Point & Counterpoint

6 Questions | Total Attempts: 115

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Topic 2 Level 1 Simulation Point & Counterpoint

Answer the questions below. Remember your placement determines your bonus points, but your grade is the bulk of your points.


Questions and Answers
  • 1. 
    Who supported a federal bank in 1791?
    • A. 

      Thomas Jefferson

    • B. 

      Alexander Hamilton

  • 2. 
    Who opposed a central bank in 1791?
    • A. 

      Alexander Hamilton

    • B. 

      Thomas Jefferson

  • 3. 
    True or False?  A Central Bank was set up in 1791 and it did help our nation's economy?
    • A. 

      True

    • B. 

      False

  • 4. 
    Why did the Central Bank close 20 years after it opened in 1791?
    • A. 

      Congresses after 1791 argued whether a central bank was a good idea and whether the Constitution gave authority to the federal government to create it until finally 20 years later, Congress decided a central bank was against states rights, so it voted to end the central bank.  

    • B. 

      Northern states were angered by the central bank because it only helped farmers.  When Northern States threatened to break away from the Union, it was decided to end the central bank.

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