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Unformatted text preview: 1. Given your prior knowledge or studies, what about this chapter most surprised you? What ideas, if any, do you have most trouble accepting? Why? 2. Which, if any, of the economic principles discussed in the first week did you see at play in this chapter? 3. Give an historical definition of money. What was the bimetallic standard? Do you have questions? Who was Nicholas Biddle? What is his role in our banking history? Was the demise of the Second Bank the cause of the 1839-depression? 4. Describe the two federa l bank experiments. 5. What sorts of experiments did the states engage in with respect to money and banking? 6. What were some of the economic consequences of the Gold Rush? How did the Crisis of 1857 embolden the South?...
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- Fall '10