Author Question: When Woodrow Wilson became president in 1912, the most serious shortcoming in the country's ... (Read 71 times)

Lobcity · **on:** Jul 4, 2018

When Woodrow Wilson became president in 1912, the most serious shortcoming in the country's financial structure was that

a. federal paper money was not backed by sound gold or silver.
b. heavy state and federal regulation of big business and trusts that handicapped the development of business in America.
c. the banking system was too heavily regulated by the federal government.
d. the U.S. dollar was rigidly tied to gold.
e. money for lending was inelastic and heavily concentrated in New York City.

Question 2

One striking consequence of the postwar economic boom was

a. the continued exclusion of most women from the workplace.
b. the growing split between urban and rural America.
c. the growing concentration of wealth at the top of society.
d. a vast expansion of the homeowning middle class.
e. the growth of blue-collar employment.