Question

question 5 of 10 which best explains why the federal government could not limit the economic crash and depression that followed the panic of 1837? a. the federal government had restricted individual states from having their own banks. b. the united states had no central bank that the government could use to control the economy. c. the federal government had invested too much money in improvements and had no savings. d. the united states had its funds tied up in banks that were backed mainly by european investors.

Explanation:

In 1837, the U.S. lacked a central - bank. A central bank can play a crucial role in stabilizing the economy during a crisis by providing liquidity, regulating the money supply, etc. Without it, the federal government had fewer tools to control the economic situation.

Answer:

B. The United States had no central bank that the government could use to control the economy.