anonymous
  • anonymous
Thomas Jefferson as president is best remembered for: Select one: a. Leading the U.S. into a war with Britain b. Doubling the size of the United States by purchasing Louisiana from France c. Creating a peaceful relationship with the Native Americans Incorrect d. Enlarging the Army and Navy
History
katieb
  • katieb
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paki
  • paki
ur guess...?
anonymous
  • anonymous
now i have to say im not sure , but i had really thought it was c
CBARREDO1
  • CBARREDO1
B. Louisiana Purchase

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paki
  • paki
@Andrews_girl yeah option B is the best one to be selected.... Jefferson's purchase of Louisiana from France in 1803 for $15 million threatened his debt reduction program. However, federal revenue was so great that he and Gallatin had little difficulty paying for the purchase, all the while maintaining their debt reduction plan. Gallatin proposed to pay for the purchase by selling $11.25 million in new 6 percent federal stock, which 6 percent was added to the long-term federal debt; by borrowing $1.75 million in a temporary loan, to be paid from future Treasury surpluses; and by appropriating $2 million in cash from the current Treasury surplus. In the immediate aftermath of the purchase of Louisiana, the administration decided to increase the sinking fund to $8 million a year. In eight years, Jefferson and Gallatin managed to redeem $37.2 million of the principal of the federal debt and bring the total amount outstanding down from $83 million in 1800 to $57 million at the end of 1808
anonymous
  • anonymous
thankyou both so much !
paki
  • paki
my pleasure....
CBARREDO1
  • CBARREDO1
No problem

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