What Effect Did the Panic of 1837 Have on the Prices

question 32

Multiple Choice

What effect did the Panic of 1837 have on the prices of slaves in the United States?

• A)The price of slaves remained unaffected by the general economic downturn.
• B)The price of slaves slumped along with the prices of other commodities.
• C)The price of slaves continued the steady and consistent rise it had exhibited since the end of the Atlantic slave trade.
• D)The price of slaves shot up as slaveholders took advantage of the economic downturn to enhance their own estates.

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