What the Early Federal Government Spent Money On

Begin with the tax sort to set the vocabulary. Pair the tariff graph with the tax sort, and save the war funding sheet for the Civil War unit.

Find each category's share of sample early federal spending and graph army, navy and interest. The directions on the page read: Read the text and study both tables. Then find each category's percent of total spending in the sample table. An answer key is included.

Yes, both. We made it for 8th grade Economics and Money, and it works the same at home or at school. At home, a student can work through it alone and then go over it with you, which shows quickly what is solid and what needs another look. In class it works as independent practice, homework or a warm-up, and you can print one copy or a full set.

A tariff is a tax on goods brought in from other countries, collected at ports. An excise is a tax on making, selling or owning a certain item at home.

It was the critics' name for the Tariff of 1828, which raised rates again. Southern planters bought many goods from abroad, so high tariffs raised their costs.

The Union taxed, borrowed by selling bonds and printed greenbacks. The Revenue Act of 1861 created the first federal income tax, 3 percent on incomes over $800.