​What Was the Primary Cause of the Panic of 1873

question 45

Multiple Choice

​What was the primary cause of the Panic of 1873?

• A)Large railroad companies failing
• B)Inability of U.S.companies to compete with Britain's booming industries
• C)​Excessive printing of paper money,which led to inflation
• D)​Stock market manipulation that devastated the small investor
• E)​None of these

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Definitions:

Government Policies

Guidelines, regulations, and rules implemented by the government to influence the economy or address societal issues.

Vertical Equity

A principle of tax fairness that posits individuals with a greater ability to pay taxes should contribute more, promoting a progressive taxation system.

Horizontal Equity

The principle that individuals with similar income and assets should be treated equally by the taxation system.