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During the Early 1930s There Were a Number of Bank

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Essay

During the early 1930s there were a number of bank failures in the United States. What did this do to the money supply? The New York Federal Reserve Bank advocated open market purchases. Would these purchases have reversed the change in the money supply and helped banks? Explain.


Definitions:

Autonomic Nervous System

The part of the nervous system responsible for control of the bodily functions not consciously directed, such as breathing, the heartbeat, and digestive processes.

Somatic Nervous System

Part of the peripheral nervous system that handles voluntary control of body movements via skeletal muscles.

Plasticity

The brain's ability to change and adapt as a result of experience or new learning.

Endocrine System

The system of glands that release hormones into the bloodstream to regulate the body's growth, metabolism, and sexual development and function.

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