Asked by Allison Foley on Jul 25, 2024
Verified
Early in the Jefferson presidency, the secretary of the treasury
A) reduced the army and navy budgets.
B) instituted a revenue-sharing program for the states.
C) called for the imposition of a national sales tax.
D) called for reduced spending on social programs.
Secretary Of The Treasury
A senior official within the U.S. government responsible for managing government revenue, including the issuance of currency and the administration of fiscal policies.
Revenue-Sharing
A fiscal policy wherein a central government shares part of its tax revenue with lower levels of government, such as states or municipalities.
- Gain insight into the fiscal policies and difficulties during the period of Jefferson's leadership.
Verified Answer
SS
Sarvesh SumanJul 27, 2024
Final Answer :
A
Explanation :
The secretary of the treasury under Jefferson's presidency, Albert Gallatin, reduced the budgets of the army and navy in an effort to decrease government spending and reduce the national debt.
Learning Objectives
- Gain insight into the fiscal policies and difficulties during the period of Jefferson's leadership.
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