Bank Panics in 1819,1837,1857,1873,1884,1893,and 1907 Convinced Many That

question 17

Multiple Choice

Bank panics in 1819,1837,1857,1873,1884,1893,and 1907 convinced many that

• A) the Federal Reserve needed greater control over the banking system.
• B) the Federal Reserve needed greater authority to deal with problem banks.
• C) a central bank was needed to prevent future financial panics.
• D) both A and B of the above.