Prologue: The Money Question Chapter 4: The Bonds of Union

1. List and describe three things that the capitalists did during the Civil War to help the U. S. economy.

2. What did the Buttonwood Agreement eventually evolve into and how did it help the economy?

3. Which capitalist in the mid-late 19th Century wanted to control the Erie Railroad (considered the
richest man at that time)? What was the name of the “war” over the Erie Railroad and what trio of
men were “waring” against the richest man in the United States at the time? What will this “war”
prepare two of the trio for in their near future?

4. Describe the purpose of the Gold Room that was created in 1862? What was meant by being a BULL
on gold? What was meant by being a BEAR on gold?

5. What is the highest price that Gold was trading at when the “bubble” burst? What was the total
amount of Gold that the US Government sold which caused the burst?

Which of these is a role of congress? a) to veto legislation b) to pass the federal budget c) to nominate cabinet members d) to interpret the constitution 2) which of these is a power of the legislative branch? a) declare war b) enforces laws c) interprets laws d) negotiates treaties 3) a two/thirds vote of each house of congress is required to a) impeach the u.s. president. b) approve presidential appointments. c) pass an appropriation or tax bill. d) pass a bill over the president's veto. 4) the chief purpose of congressional committees is to a) draft legislation for consideration by the full congress. b) act as a group to which the president can direct his lobbying effort. c) provide a place for lobbyists and special interest groups to get support. d) hold hearings so that bills can be evaluated and studied prior to voting. 5) after a bill has been passed by both houses of congress it a) becomes a law. b) is sent to the president. c) returns to the house of origin for verification. d) is sent to a subcommittee in the house or senate. 6) house of representatives passes a spending bill → senate debates the spending bill → senate passes the spending bill → ? what completes this sequence of events? a) the spending bill becomes a law b) the states must approve the bill c) the supreme court reviews the bill d) the president must act on the bill eliminate