As a Result of the Panic of 1837

question 65

Multiple Choice

As a result of the panic of 1837

• A) the U. S. established restrictions on foreign loans.
• B) Britain lent money to America, its close ally.
• C) anti-British passions cooled in America.
• D) the Democrats led America into war for more territory.
• E) several states defaulted on their debts to Britain.

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Definitions:

AFL

Short for American Federation of Labor, it is a national federation of labor unions in the United States, founded in 1886.

Exclusive Union Strategy

A labor union approach aiming to be the sole representative of all workers within a given company or industry, often seeking to secure better terms and conditions through collective bargaining.

Closed Shop

A form of union security agreement where the employer agrees to hire union members only, and employees must remain members of the union at all times.

Union Membership

The total number of workers who are members of labor unions, organizations that represent workers' interests, particularly concerning wages, working conditions, and benefits.