Identify and State the Historical Significance of the Following

question 9

Short Answer

Identify and state the historical significance of the following:
-"wildcat" banks

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Definitions:

Mechanical

Pertaining to or involving machinery or mechanical processes; also refers to being methodical or procedural in nature.

Repetitive Procedure

A method or operation that is carried out repeatedly to test the consistency and reliability of results.

Satisficing

A decision-making strategy that aims for a satisfactory or adequate solution, rather than the optimal one.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a person's mind when evaluating a specific topic, concept, method, or decision.