What was the primary cause of the panic of 1819?
A) Irresponsible banking practices
B) An embargo on goods from France
C) The failure of tobacco crops
D) Unresolved debt from the war

Question

Quizplus · Accepted Answer

The Panic of 1819 was primarily caused by irresponsible banking practices, including overextension of credit and speculative lending, which led to a financial crisis when the bubble burst.

What Was the Primary Cause of the Panic of 1819