The Panic of 1837

question 126

Multiple Choice

The Panic of 1837:

• A) inspired a more vigorous labor movement in the decade that followed.
• B) led to a relatively mild economic downturn that resolved itself by 1839.
• C) can only be blamed on Andrew Jackson's veto of the bill to recharter the Second Bank of the United States.
• D) was caused,in part,by a decline in British demand for American cotton.
• E) helped farmers,because the cost of transporting goods to markets fell.

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