Author Question: Black Americans were hard hit by the gloom times of the depression years of the mid 1870s because ... (Read 55 times)

kfurse · **on:** Jul 4, 2018

Black Americans were hard hit by the gloom times of the depression years of the mid 1870s because

a. many had put their savings in the Freedman's Savings and Trust, only to see it vanish due to bad investments by the savings bank.
b. they did not set aside significant amounts of money for savings, preferring to spend or invest almost every dollar that they earned.
c. mobs of unemployed workers took out their frustrations through violence against blacks.
d. they lost what little money they owned to directly investing in speculation schemes that had gone bankrupt.
e. None of these choices are correct.

Question 2

The economic drawbacks of political independence for the United States included all of the following except

a. much of the coveted commerce of Great Britain remained reserved for loyal members of the British Empire.
b. American ships were now barred from British and British West Indies harbors.
c. fisheries were disrupted by increased competition.
d. bounties for ships' stores had abruptly ended.
e. the accompanying repeal of the Navigation Laws by Great Britain.