Part One: Background Reading 1) Historically, why were people opposed to a national bank? What are two reasons why support for a national bank grew in the 1900s? 2) How do changes in (a) interest rates and (b) inflation rates impact the economy? 3) How would an expansionary monetary policy likely impact (a) interest rates and (b) inflation rates? 4) How would contractionary monetary policy likely impact (a) interest rates and (b) inflation rates? In the table below, identify the following information using the linked sources above. Your answers should be around 2 sentences in length: 1) Does this source argue in favor or against the Federal Reserve being good for the American economy? Your answer can be yes, no, or \"it depends.\" 2) What evidence does this source provide that could help you answer the question of whether the Federal Reserve is good for the American economy