Final answer:
true During the Panic of 1819, many Americans lost faith in state banks and began hoarding coins to protect their savings, leading to a decrease in small currency circulation. The American people's faith in the Second Bank of the United States increased during this time.
Step-by-step explanation:
The statement is True. During the Panic of 1819, many Americans lost faith in state banks and began hoarding coins to protect their savings. This hoarding of coins took much of the small currency out of circulation. Additionally, during this time, the American people's faith in the Second Bank of the United States increased as they sought stability in a new national bank. Therefore, the statement that Alaska Natives and gamblers started hoarding coins, taking much of the small currency out of circulation, is true.