Question

The end to what war and subsequent agricultural surplus resulted in the depression of 1857?

A. Civil War
B. War of 1812
C. Mexican-American War
D. Revolutionary War

Answer 1

The Panic of 1857 was affected by the end of the Crimean War, which caused a drop in grain prices leading to an agricultural surplus and reduced American exports, culminating in a severe economic downturn.

Step-by-step explanation:

The depression known as the Panic of 1857 was influenced by a sharp decline in international grain prices following the end of the Crimean War, and a subsequent agricultural surplus resulting from this price drop. The end of the Crimean War led to reduced American exports and the return of European capital, which had been invested in the American stock market during the hostilities in Europe. This series of events, combined with overextended railroads and risky loans by banks, triggered the economic downturn. While the Civil War did have widespread economic implications, it was the end of the Crimean War that had more direct effects leading to the depression of 1857.