Final answer:
The Panic of 1819 decreased Americans' faith in the Second Bank of the United States, making the statement False. The crisis led to widespread economic hardship and fostered distrust in the institution.
Step-by-step explanation:
The statement that the Panic of 1819 increased the American people's faith in the Second Bank of the United States is False. The Panic of 1819 was the first major financial crisis in the United States, which resulted in widespread foreclosures, bank failures, unemployment, and a slump in agriculture and manufacturing. Rather than increasing faith in the Second Bank, the crisis actually eroded public trust in the institution, as many attributed the panic to the bank's restrictive lending policies, which had a deflationary effect. This exacerbation in public sentiment helped to foster distrust in the Second Bank and contributed to the tumultuous debates surrounding its existence and economic policies.