Question

The panic of 1857: select one:

a. was only a mild recession.
b. favored the republicans in 1858.
c. favored the democrats in 1858.
d. was ameliorated by massive aid to the poor from the federal government.

Answer 1

The answer would be B, it favored the republicans. This was caused by over conjecture in the West and cash inflation due to the inrush of Californian gold. The North was the strongest hit, while the South kept on thriving with its cotton. Northerners concocted the possibility of the administration giving 160-section of land plots of cultivating area to pioneers for nothing.