Question

3.2.6 quiz: economics and party politics
question 3 of 10
what was a major cause of the panic of 1819?
a. too many new factories opening and hiring farm workers
b. banks calling in loans they had made to farmers and businesses
c. high demand for american products in european countries
d. a demand for soldiers and sailors to increase americas armed forces

Explanation:

The Panic of 1819 was a financial crisis in the US. Banks called in loans they made to farmers and businesses, leading to widespread defaults and economic distress. This was a major cause of the panic. Other options do not directly relate to the financial - collapse aspects of the panic.

Answer:

B. Banks calling in loans they had made to farmers and businesses