A Major Cause of the Panic That Broke in 1873

question 60

Multiple Choice

A major cause of the panic that broke in 1873 was

• A) the issuance of millions of dollars in greenbacks.
• B) the expansion of more factories, railroads, and mines than existing markets would bear.
• C) a credit crunch caused by extremely high interest rates.
• D) Wall Street's fears about the power of the radical Greenback Labor party.
• E) excessive speculation in mining stocks.

---

Definitions:

Cultural Identity

A person's or group's sense of belonging or identity within a particular culture, influenced by traditions, language, religion, and social practices.

North America

A continent located entirely in the Northern Hemisphere and almost entirely in the Western Hemisphere, consisting of countries such as Canada, the United States, and Mexico.

Southern Indians

Native American tribes that historically inhabited the southern regions of North America, each with distinct cultures, languages, and traditions.

Acculturation

The process of cultural change and psychological change that results following meeting between cultures, including adopting the values and practices of another culture.