The central banking system established by the Federal Reserve Act of 1913 ___________________.
A. made direct loans to businesspersons for plant expansions and investment spending
B. insured private bank accounts against loss
C. could control the amount of money in circulation by adjusting the discount rate
D. tied the money supply to the supply of gold in the United States Treasury
Answer: C
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Personally, Herbert Hoover believed economic recovery from the Great Depression depended on
A) voluntary cooperation among business, labor, and the government. B) abandoning the gold standard. C) lowering tariff rates. D) government-financed public works programs.
The Indian Revolt of 1857 began with
a. overtaxed rural peasants. b. famine-driven Indians attacking British warehouses. c. Indian students attempting to drive the British out of India. d. Hindu attempts to return India to its traditional way of life. e. a mutiny among sepoys.
Who benefited from the Mineral Act of 1866?
A) mining companies B) Native Americans C) independent miners D) the American people
The Whiskey Rebellion was a protest against a policy that was initially proposed by
A) Thomas Jefferson. B) George Washington. C) John Adams. D) Alexander Hamilton. E) James Madison.