The Panic of 1837 Was Brought on by __________

question 46

Multiple Choice

The Panic of 1837 was brought on by __________.

• A) the collapse of the Bank of the United States
• B) overspeculation in canals, turnpikes, railroads, and slaves
• C) falling cotton prices
• D) Spanish banks calling in American loans

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Definitions:

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted in the United States during the 1930s in response to the Great Depression.

Automobile Industry

The sector of the economy that manufactures and sells motor vehicles, including cars, trucks, and motorcycles, playing a critical role in global transportation.

Textile Industry

An industry primarily concerned with the design, production, and distribution of yarn, cloth, and clothing. It was one of the earliest industries to industrialize in the 19th century.