The Panic of 1837

question 126

Multiple Choice

The Panic of 1837:

• A) inspired a more vigorous labor movement in the decade that followed.
• B) led to a relatively mild economic downturn that resolved itself by 1839.
• C) can only be blamed on Andrew Jackson's veto of the bill to recharter the Second Bank of the United States.
• D) was caused,in part,by a decline in British demand for American cotton.
• E) helped farmers,because the cost of transporting goods to markets fell.

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Definitions:

Highly-Explosive Chemicals

Substances that possess a high potential for explosion under certain conditions, posing significant risks.

Explosion

A sudden and violent burst or release of energy, often accompanied by loud noise and the release of gases, resulting from a chemical or physical reaction or an act of sabotage or accident.

Reservation Of Rights

A declaration by an insurer that provision of defense or coverage for a claim is not a waiver of their right to deny coverage later on grounds not yet known.

Coverage Of Insurance Policy

The specific risks, events, or damages that an insurance policy agrees to cover, including the limits and conditions.