Question

All of the following led to the Panic of 1819 EXCEPT:

Answer 1

Excessive credit on real estate resulting in defaulted loans.

Step-by-step explanation:

Answer 2

The following that led to the Panic of 1819 are the exceptionally high prices for American farmers, the increasing world prices for American farm products, a land boom and an easy credit from the Bank of the United States, EXCEPT for "tight credit from the Bank of the United States".