The Gallatin Plan (1808)
(a) was a plan by the U.S. Senate for a comprehensive system of internal land and water transport
in the eastern part of the country to be built by the federal government.
(b) was promoted on the basis that only the federal government could command sufficient resources to build a transportation system.
(c) was partially implemented but not completed by the federal government because of concerns about the constitutionality of such federal action.
(d) was characterized by all of the above.
(d)
You might also like to view...
Suppose output is $35 billion, government purchases are $10 billion, desired consumption is $15 billion, and desired investment is $6 billion. Desired savings is equal to
A) $2 billion. B) $10 billion. C) $14 billion. D) $16 billion.
The Federal Home Loan Bank Board and the FSLIC, both of which failed in their regulatory tasks, were abolished by the
A) Competitive Equality Banking Act of 1987. B) Financial Institutions Reform, Recovery and Enforcement Act of 1989. C) Office of Thrift Supervision. D) Office of the Comptroller of the Currency.