Economics Chapter 11 – Money and Banking

In complete sentences, answer the following questions.

1. How was money used in early societies?
2. Briefly describe the history of money in colonial America.
3. Name and describe the characteristics of money/
4. Describe a few problems with banks in early America. What would you have done (if you were president) to fix these problems.
5. Name and describe the different forms of US currency beginning in 1861.
6. What were the key advantages and disadvantages of the gold standard.
7. Briefly describe the system of our National Banks.
8. What safe guards could have helped prevent the Great Depression?
9. Name and describe the three other types of depositories.
10. How has deregulation effected us?
11. What was the savings and Loan crisis and how did we reform Thrift Industries?