In the Mid-1830s, the U

question 2

Multiple Choice

In the mid-1830s, the U.S. entered an inflationary period that culminated in the depression of 1839-1843.  Contemporary economic historians attribute this economic downturn to

• A) the demise of the Second Bank of the U.S. in 1832.
• B) over-issue of gold coins by the U.S. Mint.
• C) over-expansion by the manufacturing sector.
• D) external forces, including large inflows of specie from Mexico and Europe.

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