Author Question: As a solution to the depression that followed the panic of 1873, debtors strongly advocated a. a ... (Read 68 times)

Coya19@aol.com · **on:** Jul 4, 2018

As a solution to the depression that followed the panic of 1873, debtors strongly advocated

a. a return to gold as the only form of American money.
b. establishment of a federally regulated system of savings and loan banks.
c. the appointment of farmers and workers to the Treasury Department.
d. bankers making additional, greater loans at lower interest rates to finance new economic ventures by promoters who were having trouble realizing profits from their previous railroad, mines, factory, and grainfield investments.
e. inflation through issuance of far more greenback paper currency.

Question 2

One reason that the United States avoided the frightful excesses of the French Revolution is that

a. America declared martial law until the Constitution was enacted in 1789.
b. the American Revolution suddenly overturned the entire political framework.
c. cheap land was easily available and America had few landed aristocrats.
d. political democracy preceded economic democracy.
e. a strong sense of class consciousness already existed.