Which Factor Contributed to the Panic of 1837

question 45

Multiple Choice

Which factor contributed to the Panic of 1837?

• A) Businesses refused to liquefy their assets in order to pay off debts.
• B) American bankers called for loans to be repaid only with banknotes.
• C) Falling cotton prices prevented southern farmers from paying off northern creditors.
• D) Real estate prices increased even as stock prices plummeted.

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Definitions:

Important Decisions

Critical choices or judgments that have significant consequences for an individual or organization.

Empowering Leadership

A leadership style focused on providing employees with the authority, resources, and confidence to take initiative and make decisions.

Psychological Empowerment

A state in which individuals feel a sense of control over their work and perceive their tasks as meaningful, leading to increased motivation and satisfaction.

Work Roles

The functions or responsibilities assigned to individuals in a professional setting.