How Do Economic Crises Today Compare to the Panic of 1837

question 39

Multiple Choice

How do economic crises today compare to the Panic of 1837?

• A) The Panic of 1837 was caused by Andrew Jackson's laissez-faire policies; today politicians regulate commerce more, avoiding panics and recessions.
• B) The Panic of 1837 was caused by international fluctuations; today panics and recessions are usually localized within regions and countries.
• C) Like the Panic of 1837, panics and recessions today may be caused by international fluctuations natural to a capitalistic economy.
• D) Like the Panic of 1837, panics and recessions today are caused by tight governmental controls on commerce.
• E) Like the Panic of 1837, panics and recessions today are the primary cause of presidents losing reelection campaigns.

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Definitions:

Previously Separated

Describes components, entities, or groups that were once divided or not connected but now are in consideration for connection or unification.

Remote Suburbs

Areas that are situated on the outskirts of a city, often characterized by lower population density and greater distance from urban centers.

Exurbs

Areas situated beyond the suburbs of a city, typically characterized by lower density of population and often sought for a more rural lifestyle.

Micropolitan Statistical Area

An urban area in the United States defined by the Office of Management and Budget, based on census data, that has at least one urban cluster of at least 10,000 but less than 50,000 population.