California State University Northridge American Economy Questions book:Gary M. Walton. Hugh Rockoff, History of the American Economy. Latest Edition (2014. ISBN-13: 978-1-111-82292-7)
1)The equation of Exchange is MV = PQ. Research it, and define what M, V, P and Q mean (Definitions).
2)Why Andrew Jackson killed the second bank of US?
3)After reading Economic Insight (13.2 – Twelfth Edition): 1860 SLAVE PRICES IN TODAY’S VALUES. Explain the value of a slave in today’s dollars and reflect on the effect that this value had on the lives of slaves in the cotton plantations.
4)What it is the Bagehot’s Rule? Did the Central Bank of Us applied this rule in 1930’s? Could the Great Depression of 1930’s be avoided or less severe?
5)Why The south lost the Civil War?
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