Final answer:
The claim about the colonists' views on taxation is true; they were more concerned with representation than with taxation itself. Federal spending on foreign aid is a small fraction of the budget, and the necessary and proper clause expanded federal power. The Three-Fifths Compromise addressed representation and taxation, and the market revolution had a significant impact on the U.S.
Step-by-step explanation:
The statement that the colonists did not necessarily object to the principle of taxation but rather how the tax money would be applied is true. The colonists’ main concern was the lack of representation in Parliament when these taxes were decided upon, which led to the famous phrase 'no taxation without representation.'
When it comes to federal spending and taxation, education spending at the federal level is not larger than at the state and local level, and the share of federal spending on foreign aid is much less than half.
Additionally, the necessary and proper clause, often called the elastic clause, has helped to expand the power of the national government, not limit it.
Furthermore, the Three-Fifths Compromise indeed dealt with both representation and taxation of states within the federal government. Lastly, the market revolution did bring significant social and economic changes to the United States.