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Slomo · Answer 1 · 2023-11-18T02:11:27+0000

Answer:

When cotton prices crashed in January 1819 after British investors switched to Indian cotton, land prices began dropping drastically and the panic began. The contraction of credit left many unable to repay their loans, leading to massive land foreclosures.

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Kedar Mhaswade · Answer 2 · 2023-11-22T11:39:10+0000

Answer:Then U.S. cotton prices plummeted in January 1819 after British investors substituted to Indian cotton, a development that coincided with a general fall in demand for agricultural imports to Europe as European harvests improved.

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