Which statement holds true for the period of slavery in U.S. history?
(a) Slavery was a moral institution.
(b) The system wasted natural resources.
(c) It provided slaveholders with incentives to avoid purchasing farm implements.
(d) It developed land and profitably produced agricultural goods for sale in world markets.
Question 2
During a banking crisis during the period of free banking, the unexpected surge in the demand for money in the form of specie would cause bankers to call in loans which would, in turn, squeeze credit, slow output and increase unemployment.
Indicate whether the statement is true or false
