Why were banks one of thr first institutions to deeo the effects of the stock market crash?
a.) after the stock market crash, people went to banks to withdraw their money so they could circulate it back into the economy.
b.) the federal reverse increased interest rates in the 1920s to stimulate economic growth, but then it limited the money supply to discourage lending.
c.) people began to lose confidence in the economy, and frightened depositors began to remove their money from banks.
d.) banks gave out too many loans in the early 1920s, so there was a great deal of money in circulation

C After the stock market crash people withdrew their money from the banks ASAP for fear of losing it.

the correct answer is a) he thought the government’s military action was a mistake.

the whiskey rebellion was a tax protest in the us that started in 1791 and ended in 1974. it has this name because the whiskey tax was the first tax that was imposed on a domestic product by the new federal government.

jefferson was against the government’s military action because he believed that the purpose of the government was to protect the unalienable rights of its citizens and that these rights include life, liberty, and the pursuit of happiness and he thought that people had the constitutional right to rebel. he has said: “the first error was to pass it (the whiskey tax); the second was to enforce it; and the third, to make it the means of splitting this union.”

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