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AssignmentMultiple Choice

Bush and Clinton

Question 1 • EAP-Virginia and US History B CR

Why did Bush propose legislation to help American savings and loans?

Answer
A
to create a new type of bank
B
to end an economic crisis created by failing banks
C
to help pay down the federal debt created by overspending

Explanation

Many savings and loan institutions had failed or were in danger of failing, creating a financial crisis. Bush proposed legislation to stabilize the institutions and address the crisis, not to create a new kind of bank or pay down federal debt. The correct choice is “to end an economic crisis created by failing banks.”

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