Answer:
1. In finance, a bond represents a promise by a borrower to pay a lender their principal and usually interest on a loan. Investors buy bonds because they provide a predictable income stream.
2. Hamilton believed a national bank would help to promote business by printing federally-backed money.
3. The findings suggest that tariffs have a detrimental effect on output, with the negative effect larger for higher tariff increases and persisting over time, at least over the next four years or so.
4. The Northwest Territory doubled the size of the United States, and establishing it as free of slavery proved to be of tremendous importance in the following decades. It encompassed what became Ohio, Indiana, Illinois, Michigan, Wisconsin, and part of Minnesota.
5. The Proclamation of Neutrality was a formal announcement issued by U.S. President George Washington on April 22, 1793, that declared the nation neutral in the conflict between France and Great Britain. It threatened legal proceedings against any American providing assistance to any country at war.
