Which Factor Contributed to the Panic of 1837

question 45

Multiple Choice

Which factor contributed to the Panic of 1837?

• A) Businesses refused to liquefy their assets in order to pay off debts.
• B) American bankers called for loans to be repaid only with banknotes.
• C) Falling cotton prices prevented southern farmers from paying off northern creditors.
• D) Real estate prices increased even as stock prices plummeted.

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Definitions:

Conditioned Response

A learned reaction to a previously neutral stimulus that has become associated with an unconditioned stimulus through conditioning.

Operant Behaviors

Actions or behaviors that are influenced by their consequences, such as rewards or punishments.

Respondent Behaviors

Actions that are automatic responses to stimuli, typically reflexive and not under conscious control.

Unconditioned Responses

Automatic, natural reactions to a stimulus that occur without any prior learning or conditioning.