Exam 12: Money and Banking in the Developing Economy

Under the Coinage Act of 1792

In the mid-1830s, the U.S. entered an inflationary period that culminated in the depression of 1839-1843.  Contemporary economic historians attribute this economic downturn to

Alexander Hamilton argued for a "National Bank" that would

Which of the following is one of the reasons Peter Temin has argued that unemployment during the 1837-1844 depression was less severe than in later depressions?

In 1790, there were only three banks in the U.S. By 1811, there were 88. Most of these new banks were

All of the following means were used to reduce problems associated with the circulation of commercial bank notes except

The reserve ratio of the Second Bank of the United States was ___________ the reserve ratio of most state banks.

Which of the following antebellum institutions acted most like a central bank?

The Second Bank of the United States rose to prominence under the leadership of

The Suffolk System

Which of President Jackson's actions had the biggest impact on the Depression of 1837?

Which of the following was not true of the First and Second Banks of the United States?

The Coinage Act of 1792 set the relative values of silver and gold coins at 15 to 1.  Suppose the relative market values of silver and gold had equaled 16 to 1.  In this case,

The main determinant of the discount rate on a privately issued bank note was

What best describes the US experience with banking from 1785 until the Civil War?

The Bank of the United States did not

The Forstall System was the antebellum banking regulation in

State banking systems of the antebellum period can best be described as

President Jackson's reasons for vetoing the recharter the Second Bank of the United States did not include

Wall Street bankers opposed the Second Bank of the United States. Their opposition was based on the idea that the Second Bank