Which of the following is true of James Madison?Multiple choice question.He disapproved of the charter of the Second Bank of the United States.He disapproved of federal aid for internal improvements.He favored lowering the price of foreign goods.As president he supported the charter of the Second Bank of the United States.
Question
Which of the following is true of James Madison?Multiple choice question.He disapproved of the charter of the Second Bank of the United States.He disapproved of federal aid for internal improvements.He favored lowering the price of foreign goods.As president he supported the charter of the Second Bank of the United States.
Solution
The correct answer is: As president he supported the charter of the Second Bank of the United States.
Here's why:
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James Madison initially disapproved of the charter of the Second Bank of the United States, but later, as president, he changed his mind and supported it. This was due to the financial crisis following the War of 1812.
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While Madison did have reservations about federal aid for internal improvements, it's not entirely accurate to say he disapproved of it. He vetoed a bill for internal improvements in 1817, but not because he was against the idea in principle. Rather, he believed that an amendment to the Constitution was necessary to authorize such aid.
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Madison did not favor lowering the price of foreign goods. In fact, he signed the Tariff of 1816, which increased the price of foreign goods to protect American industries.
So, the statement "As president he supported the charter of the Second Bank of the United States" is the most accurate.
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