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:

Jay Treaty

A 1795 agreement between the United States and Great Britain that aimed to resolve issues remaining after the American Revolutionary War and facilitated ten years of peaceful trade between the two nations.

Legislative Business

The range of activities conducted in a legislative body including the introduction, debate, and passing of laws.

Federalists

A political group in the early United States advocating for a strong federal government and the ratification of the Constitution.

New England Merchant

Refers to businessmen in the early American colonial period based in the New England region who were involved in trade and commerce, often engaged in shipping goods across the Atlantic.