Answer:
B) The Fed refused to enact a loose monetary policy by releasing money into the system.
Explanation:
The Federal Reserve System in general had no arrangement set up in the two months paving the way to the national banking holiday. Moreover, Wicker noticed that the absence of understanding among the twelve Reserve Bank governors on a procedure added to the need to suspend payments.
Wicker additionally proposed that, instead of the RFC having lender-of-last-resort responsibilities, the Fed could have offered help to harried banks whose failure would make dread and uncertainty spread.
Racism/discrimination mainly. Like with weed today, it is believed that it is used mainly between latin immigrant groups. It was the same with alcohol.
It killed millions of people
The primary market for southern cotton production was D. Britain.
When Britain stopped buying cotton from the South, it led to the destruction of the South economy, leading to a poor southern currency which meant that their armies were not well-equipped (for low money-worth cannot buy anything).
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The North’s well-established government gave it a distinct advantage.
Answer: Option D
<u>Explanation:</u>
The northern side had certain advantages and benefits over the south when the civil war started. Some of these advantages were that the north had an industrial revolution going on and there was growth, the government of the north was well established, the population of the north was more than that of the south and it was more wealthy and had many assets giving it more advantages.