woobackup
contestada

*PLEASE ANSWER THESE ADDITIONAL QUESTIONS , I WILL GIVE BRAINLIEST*
1. Which of the following acts was passed to help fund the Union's war efforts during the American Civil War? (1 point)

a.) Michigan Act of 1837

b.) Specie Circular of 1836

c.) National Banking Act of 1863

d.) Deposit and Distribution Act of 1836


2. Which of the following policies was implemented in the Banking Acts of 1863 and 1864 to discourage state banks from competing with the newly-chartered national banks? (1 point)

a.) State banks were abolished.

b.) National banks were given higher capital requirements.

c.) Taxes were levied on national banks.

d.) Taxes were levied on state banks.


3. Which of the following reflects the decentralization that occurred throughout the U.S. banking system in the mid-1800s?(1 point)

a.) The national currency of the United States was established.

b.) The number of independent state banks increased dramatically.

c.) The number of national banks increased dramatically.

d.) The first and second central banks of the United States were chartered.


4. Which of the following difficulties would Andrew Jackson have faced in implementing his preferred currency of gold and silver coin?(1 point)

a.) The First National Bank only printed 20 percent of the country's currency, limiting the money supply.

b.) U.S. gold and silver mines were too numerous under Jackson's presidency and would contribute to an uncontrollable money supply.

c.) National banks were only capable of loaning 10 percent of their reserves, limiting the money supply.

d.) The U.S. stock of gold and silver was too limited under Jackson's presidency to provide a sufficient money supply.

Respuesta :

1. national banking act of 1863

2. alexander hamilton

3. Taxes were levied on state banks

4. the number of independent state banks incresed dramatically

5. The U.S. stock of gold and silver was too limited under Jackson's presidency to provide a sufficient money supply

1. The act passed to help fund the Union's war efforts during the American Civil War was c.) National Banking Act of 1863.

 

2. In the Banking Acts of 1863 and 1864, d.) Taxes were levied on state banks to discourage state banks from competing directly with the national banks, thereby giving the newly-chartered banks leverage over the state banks.

 

3. A reflection of the decentralization, which occurred throughout the U.S. banking system in the mid-1800s, was b.) The number of independent state banks increased dramatically.

 

4. The difficulty that Andrew Jackson would have faced with his preferred currency of gold and silver coin was d.) The U.S. stock of ...

 

Thus, the strategies of the national banking act of 1863 included the creation of a national banking system, flotation of federal war loans, and establishment of a national currency, which eased the financial crisis of the Civil War.

Learn more: https://brainly.com/question/25248207