What was so historic about free banking and strict security backed banknotes

What was so historic about free banking and strict

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13. What was so historic about free banking and strict security-backed banknotes? How could free banking lead to financial instability as its opponents argued? 14. Why did checking accounts come into use and why did they pose a potential problem? Inthe Panic of 1857, what did it mean when the New York Governor said the new problem of bank runs was caused by depositors, not noteholders? 1.During the tariff debate in 1857, why were Northern and Southern politicians arguing such opposite positions? 2.How did the country grow from less than 1 million square miles to more than three million square miles from 1790 to 1853? 3.What was “the most exceptional characteristic” about American land? 4.Although the federal government acquired land from other countries, what did the United States government do to the people who were already living on the land? 5. How did the supply of labor relative to land in the U.S. compare to that of England and what was the immediate result of this difference? What two important factors led to the emigration to the U.S. from Great Britain and the European Continent? Why did the South resist European immigration? How important were enslaved people to the South’s economy in terms of production and wealth? 6.How did the percent of the labor force in agriculture change in the antebellum years? 7.How did cotton textile manufacturing stimulate further industrial development and, in turn, the American industrial revolution? 8.What was different between the financing of turnpikes and the financing of canals? 9. The “second party system” pitted the Democrats led by President Andrew Jackson versus the Whigs led by Kentucky Congressman and Senator (and Secretary of State under John
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Quincy Adams) Henry Clay -- summarize the differences between these two parties in terms of the policies each supported. 10. In terms of law, what the Congress and the various state legislatures do and what did thefederal and state courts do? What is the difference between statutory law and common law? 11. How did two Massachusetts state court cases involving the Mill Act use state law “in order to encourage social change”? How did the U.S. Supreme Court ruling for Warren Bridge against Charles River Bridge rule in favor of “economic progress”? In Farwell, how were the rights of workers limited against the rights of employers?
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