One aspect of Alexander Hamilton’s financial plan was stabilizing the national economy by creating a national bank. What was one unintended consequence of his proposal?

Question

One aspect of Alexander Hamilton’s financial plan was stabilizing the national economy by creating a national bank. What was one unintended consequence of his proposal?

a. the development of the nullification controversy
b. the emergence of American political parties
c. the introduction of federal income taxes
d. an economic recession because of “tight” money

Answer 1

policies

Answer: b. the emergence of American political parties

Answer 2

One aspect of Alexander Hamilton’s financial plan was stabilizing the national economy by creating a national bank. What was one unintended consequence of his proposal?

policies

One unintended consequence of Alexander Hamilton's proposal to create a national bank was an economic recession because of "tight" money.