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Author Question: Which of the following antebellum banking innovations was the forerunner of the modern Federal ... (Read 30 times)

jenna1

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  • Posts: 568
on: Jun 30, 2018
Which of the following antebellum banking innovations was the forerunner of the modern Federal Deposit Insurance Corporation (FDIC)?
 a. the Suffolk System
  b. the Safety Fund Act
  c. the Forstall System
  d. the bimetallic standard

Question 2

According to Joseph Schumpeter, the success of capitalism relies on:
 a. continuous, small improvements to existing products.
  b. gales of creative destruction.
  c. careful government direction of the manufacturing sector.
  d. a strong agricultural sector to support the manufacturing workforce.


mochi09

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b. the Safety Fund Act

Answer to Question 2

b. gales of creative destruction.


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