What was the significance of Aldrich Plan? (Choose all that apply) Group of answer choices It helped establish the national monetary commission and solved the financial problem. It provided a solution to the panic of 1907. It illustrated a vision of democracy rejected by the Democratic Party in the Progressive Era. It laid the technical foundations for the Federal Reserve Act of 1913. It helped reform the national monetary commission and established the national reserve association.

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What was the significance of Aldrich Plan? (Choose all that apply)
Group of answer choices
  • It helped establish the national monetary commission and solved the financial problem.
  • It provided a solution to the panic of 1907.
  • It illustrated a vision of democracy rejected by the Democratic Party in the Progressive Era.
  • It laid the technical foundations for the Federal Reserve Act of 1913.
  • It helped reform the national monetary commission and established the national reserve association.
Why didn't Congress pass Aldrich's National Reserve Association plan?
Group of answer choices
  • Aldrich's National Reserve Association could threaten the central bank's leadership
  • The Democratic Party took control of both houses, and it refused the Aldrich plan to be a part of their platform
  • Aldrich became ill and was unable to write the group's final report
  • Congress suspected the motives of the men who wrote the plan at Jekyll Island.
What is NOT a cause of the Great Depression?
Group of answer choices
  • Lack of global central bank coordination.
  • International linkages of monetary policy due to the gold standard.
  • The abandonment of the gold standard by Franklin Delano Roosevelt.
  • Overly restrictive monetary policy from the Fed.
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