Between 1820 and 1840 freight rates on western rivers declined ...

[Mr.Thesaxman]

Between 1820 and 1840 freight rates on western rivers declined drastically. The main reason for this drop in prices was _________.
 a. the decline in the price level.
  b. tolls and other barriers to trade decreased.
  c. the decline in monopoly power.
  d. the frequent use of the steamboat.

Question 2

The first banking crisis of the 1930s was probably caused by
 a. low farm prices.
  b. the stock market crash.
  c. antagonism between Wall Street banks and Main Street banks.
  d. Bank of England attempts to preserve the gold standard by raising interest rates.

[ghepp]

Answer to Question 1

d. the frequent use of the steamboat.

Answer to Question 2

b. the stock market crash.

[Mr.Thesaxman]

Excellent

[mochi09]

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