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As a Solution to the Depression That Followed the Panic

Question 73

Multiple Choice

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 grain field investments.
E) inflation through issuance of far more greenback paper currency.

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