The panic of 1857 was most significant in its

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The panic of 1857 had a significant sectional character and psychological impact as it furthered the divide between the North and South. The South blamed the North for the economic downturn, which led to resentment and further strained relations between the two regions. While the panic was severe, it was not the worst economic downturn of the century, and its duration was not the longest of the 1800s. The devastation was felt broadly across the nation, not just in the plantation strongholds of the South. While the panic did promote some national unity, it was not the most significant aspect of the crisis.

The Panic of 1857 Was Most Significant in Its