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
a. the demise of the Second Bank of the U.S. in 1832.
b. over-issue of gold coins by the U.S. Mint.
c. over-expansion by the manufacturing sector.
d. external forces, including large inflows of specie from Mexico and Europe.
d. external forces, including large inflows of specie from Mexico and Europe.
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William J. Clinton (1993–2001) was the first U.S. president since the Great Depression to increase taxes to try to reduce the federal budget deficit
Indicate whether the statement is true or false
If the import supply curve is upward-sloping:
A. a tariff or quota can increase domestic aggregate surplus. B. a quota can increase domestic aggregate surplus, but a tariff cannot. C. a tariff can increase domestic aggregate surplus, but a quota cannot. D. neither a tariff nor a quota can increase domestic aggregate surplus.