As a Result of the Panic of 1837

question 59

Multiple Choice

As a result of the panic of 1837

• A) the U. S. established restrictions on foreign loans.
• B) President John Tyler reversed his opposition to a national bank and signed legislation authorizing a "Fiscal Corporation."
• C) anti-British passions cooled in America.
• D) the Democrats led America into war for more territory.
• E) several states defaulted on their bonds or repudiated them openly.

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Definitions:

Dollar Votes

A concept in economics where consumers show preference for goods and services by how they spend their money, influencing production and market trends.

Goods And Services

Physical items that satisfy human wants and provide benefits, and intangible activities or benefits that are exchanged between parties.

Willingness And Ability

The readiness and capacity of an individual or group to engage in a particular activity or transaction.

Consumers

Consumers are individuals or entities that purchase goods and services for personal use and not for manufacture or resale.