The Panic of 1819

question 104

Multiple Choice

The Panic of 1819:

• A) resulted partly from an upsurge in European demands for American farm products that the United States was unprepared to meet.
• B) led to impossibly high prices for western lands.
• C) enhanced trust in banks because they did such a good job of weathering the economic storm.
• D) prompted some states to suspend debt collections, which helped debtors but hurt creditors.
• E) inspired John Marshall's decision against the banking power in Gibbons v. Ogden.

---

Definitions:

Workforce Skills

The abilities, knowledge, and expertise that employees bring to their work, contributing to the organization's capability to meet its objectives.

Competitive

Pertaining to the ability of organizations or individuals to outperform rivals in the market by offering superior value.

HR Supply

The availability of potential employee resources that a company can draw upon to meet its human capital needs.

Trust and Mutual Commitment

The belief in the reliability, truth, ability, or strength of a party, coupled with a pledge to maintain a relationship over time.