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During the Jackson Era, what was the status of the national debt?

A. Paying off the debt was not possible due to the continued expansion of the United States.
B. The sale of Western lands was profitable enough to pay the national debt.
C. The national debt was nonexistent during Jackson's administration.
D. Jackson implemented such high taxes on businesses and farmers, the national debt was able to be paid off.

2 Answers

5 votes

Answer:

B. The sale of Western lands was profitable enough to pay the national debt.

Step-by-step explanation:

(OWare) As state banks grew wealthier, they began to lend mone more easily and paper money declined in value. However, The sale of Western lands was bringing in enough money to pay the national debt.

User GregV
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4 votes

Answer:

D. Jackson implemented such high taxes on businesses and farmers, the national debt was able to be paid off.

Step-by-step explanation:

During his presidency, Andrew Jackson had as a goal to pay off the national debt. He believed that debt was a threat of liberty and because of that, he enforced the shrinking of the debt by being frugal with federal funds. Jackson believed that the federal government had the power to levy and enforce tariffs and believed that the revenues that they generated would raise money to pay off the national debt. This resulted in the Nullification Crisis later.

User Agektmr
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