C) Its mandate to pay of the nation’s debt meant that it had a deflationary and
depressing effect on the economy.
D) Its generous issue of notes made it hard for the bank to withstand runs, further
spreading the economic depression.
What was the most disturbing economic problem to vex the nation during the Carter
years?
A) inner-city decay and white flight to the suburbs
B) a combination of stagnation and inflation
C) the collapse of the savings and loan system
D) the increasing inequality of income and wealth distribution
Under the crop-lien system, both the sharecroppers and the landowners __________.
A) profited from the South’s rapid economic progress immediately after the Civil War
B) depended on credit, often at high interest rates, from local merchants and bankers
C) had strong incentives to diversify their crops
D) suffered from shortages of labor and credit due to the South’s rapid industrialization
after the Civil War