Question

Which option, for government coping with an economic crisis, did Martin Van Buren choose?

A) He let the crisis play out
B) He chose to let regulators and institutions slow down the effects of the crisis
C) He chose to prime the pump
D) None of these

Answer 1

Martin Van Buren chose option C) He chose to prime the pump.

Step-by-step explanation:

During the economic crisis, Martin Van Buren chose option C) He chose to prime the pump. This means he supported the idea of increasing government spending to stimulate the economy and create jobs. Van Buren believed that by injecting money into the economy, it would help alleviate the effects of the crisis. One example of this was his proposal to create an independent treasury system to hold federal government deposits. This allowed the government to have more control over its fiscal affairs and provide stability during the crisis.