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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 13, The Great Contradiction.

Multiple Choice Questions

1. What was the benefit for which the country was suffering inflation, monetary instability, debt, and the boom-bust cycle?
(a) Wealthy people gaining wealth through investments.
(b) Expansion into western territories.
(c) Suppression of dissent between north and south.
(d) Peace with France and England.

2. What step did the Treasury Department take after the economy started to react to the abolition of the Federal Bank?
(a) Controlled the money supply.
(b) Raised tariffs.
(c) Subsidized westward expansion.
(d) Borrowed money from Amsterdam.

3. What led to the expansion of trade routes, according to Sellers?
(a) Improved ships.
(b) Larger markets.
(c) Faster production times.
(d) Fewer pirates.

4. What did Jackson think would bring financial stability back?
(a) Speculating on commodity prices.
(b) Derivatives trading.
(c) Paper money.
(d) Hard currency.

5. How did internal trade change between 1820 and 1850?
(a) Declined by half.
(b) Remained the same.
(c) Doubled.
(d) Tripled.

Short Answer Questions

1. What kind of political picture did Jefferson's Democratic-Republicans espouse?

2. What did South Carolina's stance threaten, in Jackson's eyes?

3. Who does Sellers say will subvert democratic sentiment if markets expand?

4. How does Sellers say Americans reproduced in Jackson's America?

5. What was the condition of the U.S. in Jackson's time?

(see the answer key)

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