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.