Question

Select all that apply.

National and State Bank policies in the 1830's contributed to:
A. Inflation
B. The Panic of 1837
C. Increased national debt
D. Depression

Answer 1

B. The Panic of 1837

Step-by-step explanation:

The Panic of 1837 is the name by which a wave of economic panic occurred in the United States, and that was born as a result of a speculative fever. The fact that triggered the chaos occurred on May 10, 1837 in New York, when all the banks stopped making payments in kind (gold and silver coins). The panic was followed by an economic crisis that lasted five years, during which the banks went bankrupt and very high levels of unemployment were reached.

Answer 2

National and State Bank policies in the 1830's contributed to: B, The Panic of 1837

National and State Bank policies in the 1830's caused a bubble in land commodities along with massive decreases in agricultural product. When the bubble popped, united states experience one of our biggest economic depression, causing a lot of unemployment and product scarcity that is referred to as the panic of 1837.