Question

3.5.2 test (cst): america in the age of jackson
question 14 of 20
what was a major cause of the panic of 1819?
a. too many women and children working in new factories
b. a need to provide a stronger army and navy for americas armed forces
c. high demand for american products in european countries
d. farmers and businesses being unable to pay back money borrowed from banks

Explanation:

The Panic of 1819 was a financial crisis. Over - speculation in land and other ventures led to farmers and businesses taking on large debts from banks. When the economy slowed, they couldn't repay these loans, causing bank failures and economic turmoil. Options A, B, and C are not directly related to the causes of this financial panic.

Answer:

D. Farmers and businesses being unable to pay back money borrowed from banks