Question

The us treasury is responsible for implementing banking laws passed by congress. responses false false true true

Answer 1

The statement that the Panic of 1819 increased American people's faith in the Second Bank of the United States is false. This financial crisis decreased public confidence in the bank, contrary to stabilizing faith in the banking system.

Step-by-step explanation:

The statement asserting 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 notably decreased public confidence in the banking system, including the Second Bank which had been established in 1816 to stabilize the currency and regulate state banks. The financial instability and economic hardship that followed led many Americans to distrust the Second Bank and viewed it as an institution that served the interests of the elite at the expense of the common people.