Which of the Following Was Not a Cause of the Panic

question 96

Multiple Choice

Which of the following was not a cause of the Panic of 1819?

• A)recovery of European agriculture in the early nineteenth century
• B)overexpansion of credit by American bankers
• C)underproduction by American farmers
• D)the hoarding of available specie by European nations
• E)revolution and war had cut off the supply of precious metals from Peru and Mexico.

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Definitions:

Recognition Dispute

A dispute arising between a union and employer while the union is being organized.

Locked Out Employees

Workers who are denied entry to their place of work by the employer, typically during a labor dispute or as a negotiation tactic.

Peaceful Picketing

A form of protest where individuals demonstrate in a non-violent manner, often outside a place of work or government building, to express their opinions or demands without resorting to violence.

Doing Business

The activities an individual or entity engages in for the purpose of earning profit or conducting affairs in the commercial sphere.