Politics and Economic Vocabulary 2 Mr. Thacker

Section 2 -- Banking and Financial Markets Chapter 10

Identify and/or Explain

1. Bank

2. Merchants

3. Federalists

4. Antifederalists

5. National Bank

6. Bank of the United States

7. Unconstitutional

8. Specie

9. Second Bank of the United States

10. Reserves

11. “Wildcat”

12. Bank Runs

13. Wildcat Banks

14. Fraud

15. Notes

16. “Greenbacks”

17. Gold Standard

18. Panic of 1907

19. Federal Reserve System

20. Central Bank

21. Member Banks

22. Short-term Loans

23. Federal Reserve Notes

24. Great Depression

25. “Bank Holiday”

26. FDIC

27. Deregulation

Questions

1. The First Bank of the United States was created for four reasons, list/explain. (8)

2. List the three important powers that the National Banking Acts game the federal government. (6)

3. In the 1970s and 80s our nation went through a Saving and Loans Crisis, list and explain the four causes. (8)