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All of the following are reasons that banks and bankers were essential to Louisiana’s economy EXCEPT for which one:


All of the following are reasons that banks and bankers were essential to Louisiana’s economy EXCEPT for which one:


Banks made loans and sold bonds that made construction possible


Banks made loans that made it possible for immigrants to come to Louisiana


Banks loaned money to planters for new land and equipment


Banks made loans to support the development of business in the state

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medinjul

Answer:

The role that banks have in the economic growth of the early 1800s was pumping money back into America. By allowing businesses to borrow funds, businesses were able to hire new workers. They sparked economic growth by being insured by the federal government.

Explanation:

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