Asked by
Manpreet Singh
on Oct 16, 2024
Verified
Which was a result of the Panic of 1819?
A) European demand for American farm products surged.
B) Prices for western lands tripled within a span of ten years.
C) The Second Bank of the United States declared bankruptcy.
D) Some states suspended debt collections.
E) John Marshall decided against the Second Bank of the United States in Gibbons v. Ogden.
Debt Collections
The process of pursuing payments of debts owed by individuals or businesses, typically conducted by collection agencies or creditors.
John Marshall
An influential United States Supreme Court Chief Justice from 1801 to 1835, known for shaping American constitutional law and judicial authority.
- Evaluate the reasons and impacts of the Panic of 1819 on the social and economic facets of American life.
Verified Answer
IK
Learning Objectives
- Evaluate the reasons and impacts of the Panic of 1819 on the social and economic facets of American life.