The Panic of 1819 Turned into a Depression Because

question 14

Multiple Choice

The Panic of 1819 turned into a depression because

• A) cotton and tobacco prices soared, decreasing the number of consumers.
• B) international commerce slowed with the removal of tariffs.
• C) people continued to put too much trust in banks throughout the episode.
• D) businessmen, farmers, and speculators had recklessly borrowed money.
• E) all banks refused to generate more loans or issue more paper money.

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A life stage occurring after adolescence, typically involving individuals between the ages of 20 and 40, characterized by the exploration of personal and professional identities.

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