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True or Falsea: If False, why? 1. The C. A. P. L. formula allowed the South...

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Psychology

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.

Answer & Explanation Solved by verified expert
3.6 Ratings (381 Votes)
1 The C A P L formula allowed the South to control its own credit by issuing investment bonds based on slavebased mortgages backed by guarantees from state legislatures Answer TRUE Justification In Edward E Baptists book The Half Has Never Been Told Slavery and the Making of American Capitalism there is a description about the extent to which financial speculation is baked into the American economy From Baptist we can learn that 185 years ago the acquisition of slaves like any other property    See Answer
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