g Part I. Short Answers. (50 points each). For each of the following terms, provide a brief definition and explain its significance in the context of this course. In some cases, you can choose option (a) or (b). Suggestions: Concisely cover the key issues. Begin by defining the term. Then, (1) if it is a historical event, era, or phenomena, state the year(s) of occurrence, describe the essence of the event, and its importance for the economic and financial development of the United States and its role in the evolution of central banking in the United States. (2) If it is an individual, briefly describe their life and how they influenced the history of central banking in the United States, and explain whether they supported the creation of a national or central bank and the arguments that they advanced in support of their position. (3) If it is the title of legislation, indicate the dates that the legislature considered and/or passed the legislation, the principal tenets of the legislation, arguments in favor and opposing the bill, and the final disposition of the legislation. 1) United States Constitution