Question

The panic of 1819

a. had little effect on post-war prosperity.
b. was precipitated by the changes in policies of the Bank of the United States.
c. led to a strong economic program by James Monroe.
d. stemmed from the public’s natural distrust of lawyers.

Answer 1

Generally speaking, the Panic of 1819 "a. had little effect on post-war prosperity," since long-term industry and production remained relatively detached.