Question

Match the date with the change in US Monetary Policy Question 5 options: 123456789101112 1st bank...

Match the date with the change in US Monetary Policy

Question 5 options:

123456789101112

1st bank bailouts occur

123456789101112

National Banking Act set standards for chartering national banks and notes.

123456789101112

1st Bank of the U.S. is established

123456789101112

2nd Bank of the United States is established

123456789101112

Federal Reserve Bank gets the power to independently set interest rates.

123456789101112

Coinage act bans the use of silver in coin production

123456789101112

Bretton Woods summit that establishes the value of the U.S. dollar relative to gold and its prominent role in foreign exchange.

123456789101112

Congress gives the Federal Reserve Bank it's specific goals of "maximum employment, stable prices, and moderate long-term interest rates".

123456789101112

Federal Reserve Act that formulates the Federal Reserve Bank system.

123456789101112

Coinage Act that establishes the first US mint

123456789101112

The U.S. leaves the gold-standard.

123456789101112

The US first issues currency notes that are not backed by gold

1.

1977

2.

1792

3.

1816

4.

1862

5.

1863/1864

6.

1791

7.

1971

8.

1873

9.

1907

10.

1913

11.

1944

12.

1951

Homework Answers

Answer #1
123456789101112 1st bank bailouts occur 1907
123456789101112 National Banking Act set standards for chartering national banks and notes. 1863/1864
123456789101112 1st Bank of the U.S. is established 1791
123456789101112 2nd Bank of the United States is established 1816
123456789101112 Federal Reserve Bank gets the power to independently set interest rates. 1913
123456789101112 Coinage act bans the use of silver in coin production 1873
123456789101112 Bretton Woods summit that establishes the value of the U.S. dollar relative to gold and its prominent role in foreign exchange. 1944
123456789101112 Congress gives the Federal Reserve Bank it's specific goals of "maximum employment, stable prices, and moderate long-term interest rates". 1977
123456789101112 Federal Reserve Act that formulates the Federal Reserve Bank system. 1913
123456789101112 Coinage Act that establishes the first US mint 1792
123456789101112 The U.S. leaves the gold-standard. 1971
123456789101112 The US first issues currency notes that are not backed by gold 1951
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