The introduction of steamboats: a. led to dramatic declines in ...

[Anajune7]

The introduction of steamboats:
 a. led to dramatic declines in the price of upstream transport.
  b. led to moderate declines in the price of downstream transport.
  c. is the primary reason for falling transportation costs in the early 1800s.
  d. led to an initial decrease in transport costs that continued to fall due to learning by doing and the construction of lighter boats with increased capacity.
  e. All of the above.

Question 2

According to Walton and Rockoff, which of the following was the most important in bringing the banking crises of the 1930s to an end?
 a. the elimination of many weak banks through bankruptcy (survival of the fittest)
  b. the promise of federal bank deposit insurance
  c. New Deal spending programs
  d. World War II

[bitingbit]

Answer to Question 1

e. All of the above.

Answer to Question 2

b. the promise of federal bank deposit insurance

[Anajune7]

Gracias!

[bulacsom]

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