Question

50 points for correct answer

What caused the Panic of 1819?

A. The Second Bank of the U.S. restricted the money supply and called in loans from state banks in an attempt to regulate their behavior.

B. The Second Bank of the U.S. loosened the money supply and expanded credit so the state banks would offer more loans to people.

C. The Second Bank of the U.S. loaned money only to corporations and pulled its money from state banks.

D. The Second Bank of the U.S. was not re-chartered by Congress.

Answer 1

yeah they are right the answer is A

Answer 2

The answer is A. The Second Bank of the U.S. restricted the money supply and called in loans from state banks in an attempt to regulate their behavior.