Which Factor Contributed to the Panic of 1819

question 10

Multiple Choice

Which factor contributed to the Panic of 1819?

• A) The rising prices for American cotton overseas
• B) A contraction of the money supply
• C) Pessimism concerning U.S.economic prospects
• D) The slackening of consumer demand for numerous goods

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Definitions:

Monetary Value

The financial worth of an item, service, or asset, expressed in terms of currency.

Products and Services

The combination of physical goods and intangible activities that fulfill customer needs and wants.

Balance of Trade

The difference between a country's exports and imports of goods over a certain period, indicating the economic health of a nation.

Monetary Value

The worth of a good, service, or asset expressed in terms of money; often determined by market forces.