In the US Banking System of the 1830s and 1840s

Multiple Choice

In the U.S. banking system of the 1830s and 1840s,

A) the federal government issued paper money and controlled interest rates.
B) paper money was eliminated and specie was the only currency in circulation.
C) only gold and silver circulated as money.
D) Democrats in Congress passed laws increasing the amount of paper money and expanding credit for speculators.
E) state-chartered and state-owned banks controlled the amount of money in circulation