Pick ONE of the following prompts and respond to it with several clear and concise paragraphs.

Prompt 1. For this class, I have depicted a banking panic as the major contributor to the financial crisis. Bank panics, however, have been the economic norm throughout history, particularly in the era between the Civil War and the Great Depression. We seem to have solved this problem after the Great Depression and have not had a typical banking panic since. Describe two of the policy changes that we implemented in response to the frequency and severity of banking panics during the late 19th and early 20th century. Given that the policies we implemented seem to have eliminated traditional banking panics altogether, briefly describe a policy, or a set of policies, that could eliminate the possibility of banking panics from the shadow banking system.

Econ 1020: Principles of Microeconomics HW 11 Pick ONE of the following prompts and respond to it with several clear and concise paragraphs. Prompt 1. For this class, I have depicted a "banking panic as the major contributor to the financial crisis. Bank panics, however, have been the economic norm throughout history, particularly in the era between the Civil War and the Great Depression. We seem to have solved this problem after the Great Depression and have not had a typical banking panic since. Describe two of the policy changes that we implemented in response to the frequency and severity of banking panies during the late 199 and early 20+ century. Given that the policies we implemented seem to have eliminated traditional banking panics altogether, briefly describe a policy, or a set of policies, that could eliminate the possibility of banking panics from the shadow banking system