The Immediate Cause of the Panic of 1819 Was

question 1

Multiple Choice

The immediate cause of the Panic of 1819 was

• A) the flooding of the American market with cheap British goods.
• B) the collapse of the Bank of the United States.
• C) the Transcontinental Treaty of 1819.
• D) the difficulty of obtaining credit.
• E) a sudden collapse of cotton prices.

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