JACKSONIAN DEMOCRACY 1825 1850
AGE OF THE COMMON MAN
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
What development led to the Panic of 1837?
|
|
State banks issued too much paper money.
|
|
|
Having too much paper money in circulation caused inflation.
|
|
|
People became concerned about the health of the nation’s economy.
|
|
|
All of these
|
Explanation:
Detailed explanation-1: -Historians have traditionally attributed the Panic of 1837 to a real estate bubble and erratic American banking policy. Most speculation concerned western land opened to settlement after Indian removals, but northeastern forests were among the most overvalued holdings.
There is 1 question to complete.