Asked by ELIZABETH DELAROSA on May 09, 2024
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In response to the Panic of 1873, many debtors and unemployed workers advocated ____________________.
A) easy-money policies, which they hoped would spur economic expansion
B) federal monetary grants to freedmen so they could open their own businesses and banks
C) a federal loan program to finance industrial development in the South
D) federal loans to freedmen so they could buy their own land
Panic of 1873
A financial crisis that triggered a severe international economic depression in both Europe and the United States, lasting until 1879.
Easy-Money Policies
Monetary policies intended to stimulate the economy by increasing the money supply and reducing interest rates to encourage borrowing and spending.
Economic Expansion
Economic expansion refers to a phase where an economy experiences increased levels of activity and growth across its industries and sectors, typically marked by rising GDP.
- Analyze the economic responses and policies during the Panic of 1873 and their implications on Reconstruction.
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Learning Objectives
- Analyze the economic responses and policies during the Panic of 1873 and their implications on Reconstruction.
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