What Was the Effect of the 1924 Immigration Law That

question 8

Multiple Choice

What was the effect of the 1924 immigration law that established official quotas for immigrants based on national origin?

• A)The flow of immigrant families with children decreased.
• B)The flow of low-income immigrant families from Mexico increased.-
• C)Most new immigrants were being reunited with family in the United States.
• D)Most new immigrants were from northwestern Europe.

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Definitions:

Bond Issues

The act of distributing new bonds to investors, typically done by corporations or governments to raise capital.

Glass-Steagall Act

US legislation enacted in 1933 to separate commercial banking from investment banking, aiming to reduce financial market risks.

Underwriting Securities

The process through which investment banks issue new securities to the market, assuming the risk of selling them at a certain price.

Accepting Deposits

A banking activity that involves receiving money from customers for safekeeping or for earning interest, typically in savings or checking accounts.