True or Falsea: If False, why?
1. The C. A. P. L. formula allowed the South to control its owncredit by issuing investment bonds based on slave-based mortgagesbacked by guarantees from state legislatures.
2. The economic boom of the 1830s was made possible by strictstate regulation of bank credit, securitization of slave-basedmortgages, and high-risk speculation on future cotton revenues.
