Asked by Emmah Mathenge on Jul 19, 2024
Verified
What was Congress's monetary policy in the early years of the Jefferson Presidency?
A) The repeal of all internal taxes.
B) Increased military expenditures.
C) Increased expenditures on social programs.
D) Reduction of the national sales tax.
Monetary Policy
The process by which a government, central bank, or monetary authority manages the supply of money and interest rates to achieve economic objectives.
Internal Taxes
Internal taxes are taxes imposed by a government on goods, activities, or income within its own borders, as opposed to tariffs on imports.
- Acquire knowledge of the economic measures and trials encountered under Jefferson's administration.
Verified Answer
JE
Jonaldine EliscardJul 20, 2024
Final Answer :
A
Explanation :
Congress's monetary policy in the early years of the Jefferson Presidency was the repeal of all internal taxes. This was done to reduce the power and size of the federal government and promote individual liberty.
Learning Objectives
- Acquire knowledge of the economic measures and trials encountered under Jefferson's administration.
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