AP American History- Page 16

[Mary_Ethel]

Posted: 5/3/05 at 11:02pm

you GO, Shoes!!!

[Mary_Ethel]

Posted: 5/4/05 at 12:38pm

... I'm back on-line...


Anybody ready for some more review Questions?

[ashley0139]

Posted: 5/4/05 at 1:47pm

Hey, I'm here.

[Mary_Ethel]

Posted: 5/4/05 at 1:51pm

Good!


What was the Bank of the United States? What did it attempt to accomplish?

[ashley0139]

Posted: 5/4/05 at 2:27pm

It was the federal bank and all the under banks were under it, right? Was it to regulate money so that there was no inflation?

[Mary_Ethel]

Posted: 5/4/05 at 2:33pm

Pretty much. Before the Bank of the United States was enacted in the 1820s, ANY Bank could print and distribute their own money.

This caused NUMEROUS problems--as some Merchants would accept currency from certain Banks AND if a Bank was thought to be less reliable, the Merchant would not $1 Bill from that Bank to be "worth as much" as one from a Bank they thought more reliable.

To end this, the Bank of the United States was created--during the Andrew Jackson Administration, I believe--and was partialy regulated by the U.S. Treasury.

For the first time, the Country had a common currency system--backed by the same set of funds. The Bank of the United States continued to regulate Banks and Currency--on a somewhat loosly basis--until the much more stringent FDIC replaced it in 1933.


Why was September 24, 1869 referred to as "Black Friday"?

[ElphieDefiesGravity]

Posted: 5/4/05 at 3:12pm

Wow, I have NO idea about that one!

[Mary_Ethel]

Posted: 5/4/05 at 3:23pm

O.K.

President Grant allowed his buddies, Jay Gould and James Fisk, to buy up ALL the available Gold in New York City.

Gould and Fisk planned to sell all the Gold to bankers and businessman at HUGE inflated prices--which would of course created HUGE inflation and caused a Financial Panic.

On September 24, ("Black Friday") 1869, the Secretary of the Treasury reported to Grant that indeed such a Panic had begun.

Grant ordered the Secretary to sell Government Gold at reasonable prices--which quickly averted a full-scale Panic.

Today, Historians look upon Grant's behavior as one of the shrewedest (if not only THE only Shrewd) Decision he made while U.S. President.


What was The Freedman's Bureau? What was "Forty Acres and a Mule" all about?

[ElphieDefiesGravity]

Posted: 5/4/05 at 3:31pm

The Freedman's Bureau was created after the Civil War for freed blacks. It helped former slaves and helped them register to vote. "40 acres and a mule" referred to what they thought freed slaves should recieve, I think.

[Mary_Ethel]

Posted: 5/4/05 at 3:40pm

That's what it was SUPPOSSED to do. It also educated Blacks that the Democratic Party was composed of "sinners" (NOTHING they wanted to get involved with) and a few aggressive Members even mentioned the Black Man was as good as the White and deserved the "favors" of White Women.

And YES, they DID promise every freed slave their own "Forty Acres and a Mule".


Who had a "Kitchen Cabinet"?

[check your personality]

Posted: 5/4/05 at 4:38pm

Andrew Jackson

[Alix7272]

Posted: 5/4/05 at 5:46pm

o Jackson, he's so much fun, he just does what he wants

[Mary_Ethel]

Posted: 5/4/05 at 6:03pm

FDR had a "Kitchen Cabinet"--the Advisors he REALLY trusted to help him make decisions.


Guys, I'm going off-line for a bit, but should be back on in a couple of hours or so...

[check your personality]

Posted: 5/4/05 at 7:25pm

Oh, I thought AJ did, and FDR had his "brain trust". Anyway!

[Mary_Ethel]

Posted: 5/4/05 at 7:53pm

CYP, you are CORRECT.


Sorry for the confusion...


Who was the first Whig President?

[check your personality]

Posted: 5/4/05 at 7:55pm

Okay, cool!

First Whig... Harrison?

[Mary_Ethel]

Posted: 5/4/05 at 7:58pm

Correct! It was William Henry Harrison.


Which reminds me--who was the Only Son and Grandson Combination to be BOTH Elected President?

[check your personality]

Posted: 5/4/05 at 8:10pm

The Harrison's again - William Henry and Benjamin in.. 1884?

[Mary_Ethel]

Posted: 5/4/05 at 8:12pm

Right! Benjamin Harrison was President from 1889 to 1893--sandwiched in between the two Grover Cleveland Terms.


Who said "Damn The Torpedoes--Full Speed Ahead!"?

[check your personality]

Posted: 5/4/05 at 8:15pm

Umm I'm not sure but I think Truman in relation to dropping the A-bomb on Japan?

[Mary_Ethel]

Posted: 5/4/05 at 8:19pm

Sorry. David Farragut, First Admiral of the Navy during the Civil War, at the Naval Battle of Vicksburg.


What was the concept of "Indentured Servitude"?

[check your personality]

Posted: 5/4/05 at 8:22pm

Yikes, I was way off.

Indentured servitude - paying for the passage of blacks (mostly to America in the 18th centrury) in return for a certain period in which they would work, basically as slaves. I think that after they were done serving their time, they were guarenteed a little bit of land to gain some chance of making it.

[Mary_Ethel]

Posted: 5/4/05 at 8:28pm

Actualy, most Indentured Servants were WHITE--it was the North's equivalent of "Slavery".

Someone paid your passage over, and in return, you were "bound" to work for that person for a LONG time--usually for SEVEN years--and then were "set free" with a small stipend.


What was the "Underground Railroad"?

[ashley0139]

Posted: 5/4/05 at 10:15pm

It was a way for slaves to get from the south to the north by going to different people's houses that were stops. Since in the north, there was no slavery, it was worth their risk to be free. Harriett Tubman was a big part of it... anything else?

[Mary_Ethel]

Posted: 5/4/05 at 10:16pm

Just ONE more thing:


...Where did the "Underground Railroad" ultimately end?