Final answer:
The Panic of 1819 led to public mistrust in the Second Bank of the United States, contrary to increasing faith in the institution. It was a significant economic crisis that caused widespread economic hardships.
Step-by-step explanation:
The correct answer to the student's question is b, False. The Panic of 1819 did not increase the American people's faith in the Second Bank of the United States; instead, it caused distrust in the institution. The Panic of 1819 was the first widespread economic crisis in the United States that affected all regions of the country and many sectors of the economy.
The crisis caused unemployment, bank failures, mortgage foreclosures, and a slump in agriculture and manufacturing. It led to a great deal of uncertainty and contraction in the economy. The Second Bank of the United States was partly blamed for the Panic due to its strict credit policies, which made it harder for businesses and individuals to get loans. Thus, the resulting depression from the Panic eroded public trust in the Second Bank.