BUILDING THE FINANCIAL SYSTEM, PAYMENT OF THE NATIONAL DEBT, FIRST BANK, PP. 119-120 (36)

Question 1

The key architect of the early financial system
of the United States under the Constitution was

Question 2

Why did the United States replace the
Continental currency after the adoption of the
United States Constitution?

Question 3

Under the first United States Secretary of the
Treasury, the debts of the various states were

Question 4

Which of the following ratios is CLOSEST to the
amount of United States federal debt to the
amount of state debt in 1783?

Question 5

How did the United States federal government
solve the question of its war bonds?

Question 6

After the Treaty of Paris, the United States
paid interest on its debts through

Question 7

In 1792, the United States public debt was
around

Question 8

Which of the following fractions is CLOSEST to
the amount of United States public debt relative
to GDP in 1792?

Question 9

Which of the following measures of economic
health went UP in the United States between
1792 and 1810?

Question 10

In 1810, about how much of United States
federal public spending went to interest
payments for the public debt?

Question 11

Which city housed the headquarters of the First
Bank of the United States?

Question 12

Which of the following institutions served as the
model for the First Bank of the United States?

Question 13

As a quasi-central bank, the First Bank of the
United States

Question 14

The First Bank of the United States had a
charter originally lasting for

Question 15

Why did the First Bank of the United States
close?