The Panic of 1857

question 36

Multiple Choice

The panic of 1857

• A) was caused by overproduction of southern cotton.
• B) hit hardest among grain growers of the Northwest.
• C) finally brought most southern congressmen to support free homesteads.
• D) stimulated northern demands for lower tariff rates.
• E) demonstrated the economic dominance of the North.

---

Definitions:

Mathematical Formulas

Prescribed sets of mathematical symbols and operations that represent relationships or solve problems.

Inferential Statistics

The branch of statistics that allows one to make predictions or inferences about a population based on a sample of data from that population.

Descriptive Statistics

Statistical techniques used to describe and summarize the basic features of data, offering simple summaries about the sample and the measures.

Statistical Hypotheses

Formal statements made about the expected relationship between variables within the context of statistical analysis.