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Unformatted text preview: F Research by Goldin and Katz (2000) indicates that cities in the Northeast established the first public high schools in the U.S. F National currency associations were groups of large banks that were required by Congress to insure the deposits of smaller banks in the same region. T For most of the late 19 th century, the US operated on a de facto gold standard. F When Congress voted to adopt the Coinage Act in 1973, silver was over-valued at the mint. T Between 1896 and 1929, the US employment rate was largely determined by frictional and structural factors F Ceteris paribus, a decrease in aggregate demand causes real output to decrease and price level to increase. F During the Civil War, US imports and exports decreased F Under the Bland-Allison Act (1878), the US treasury was directed to make limited, monthly purchases of silver at the mint ratio of 16:1...
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- Spring '07
- Great Depression, William Jennings Bryan, Bimetallism, Free Silver