President James Garfield's Assassination and the Pendleton Act of 1883

question 40

Multiple Choice

President James Garfield's assassination and the Pendleton Act of 1883 led to the creation of:

• A) The federal spoils system
• B) The federal prison system
• C) The civil service merit system
• D) The government patronage system

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Definitions:

Federal Reserve

The Federal Reserve is the central banking system of the United States, responsible for setting monetary policy, regulating banks, and ensuring the stability of the financial system.

Monetary Policy

Economic policy laid down by the central bank involving management of money supply and interest rates to influence economic growth and stability.

Federal Reserve System

Central bank of the United States, whose main job is to control our rate of monetary growth.

Money Supply

The total amount of monetary assets available in an economy at any specific time.