Why Was the Panic of 1857 Worse in the North

Why was the Panic of 1857 worse in the North than in the South?

A) High cotton prices mitigated the effects of the panic in the South.
B) The southern economy was more diversified than the northern industrial system.
C) Fewer Southerners were aware of the Ohio bank failure that precipitated the panic.
D) The South did not have as many agricultural exports to Britain.