Author Question: According to Walton and Rockoff, the primary reason the Federal government failed to build an ... (Read 34 times)

go.lag · **on:** Jun 30, 2018

According to Walton and Rockoff, the primary reason the Federal government failed to build an adequate highway system before the Civil War was
a. the technology was not available.
b. the canal craze diverted attention.
c. rivalries among different sections of the country stalled legislation.
d. the teachings of Adam Smith were taken too literally.

Question 2

According to Fed Chairman Bernanke's analysis of the Depression-era financial system,
a. bank lending was often based on long-term relationships between banks and customers.
b. after the banking system collapsed, it recovered quickly due to government intervention.
c. bank lending at large was a severely depersonalized endeavor by 1925, which caused risky loan practices.
d. Both a and b are correct.

alexisweber49 · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

c. rivalries among different sections of the country stalled legislation.

Answer to Question 2

a. bank lending was often based on long-term relationships between banks and customers.