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Home Q & A Board Humanities History
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tetleyelmo tetleyelmo
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7 years ago
What financial development during this era greatly expanded the amount of money in circulation but also made banking much more risky?
A) The printing of paper currency, bank notes that were backed by gold and silver deposits.
B) Banks making loans to businessmen and investors and collecting interest on those loans.
C) The entrance into the banking profession of political cronies, rampant speculators, and unrepentant criminals.
D) The issuing of bank notes not only on the gold and silver deposits the banks held but also on the loans in their portfolio.
Textbook 
By the People: A History of the United States, AP Edition

By the People: A History of the United States, AP Edition


Edition: 1st
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Yoko900Yoko900
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7 years ago
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tetleyelmo Author
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7 years ago
this is exactly what I needed
jmelchor77
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Yesterday
Smart ... Thanks!
Transonic
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2 hours ago
This site is awesome
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