Multiple Choice
Diplomacy
-The depression caused by the Panic of 1837 resulted in which of the following changes in banking in most states?
A) Banks had to insure the majority of their deposits.
B) Private enterprise was required to financially back banks.
C) Paper currency was eliminated.
D) Legislatures were no longer allowed to go into debt.
E) Banks had to be approved by the federal government.
Correct Answer:
Verified
Correct Answer:
Verified
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