The panic of 1857:

Question

The panic of 1857:

Quizplus · Accepted Answer

The panic of 1857 strengthened southern confidence in its cotton economy as cotton prices remained high and stable. This bolstered the southern economy and reinforced the belief that cotton was vital to the success of the United States' economy. It did not directly lead to the Civil War or end sectional bickering. While it was a significant economic depression, it was not the worst in American history. The violence in Kansas was part of the larger issue of Bleeding Kansas, which contributed to tensions leading up to the Civil War but did not directly trigger the panic of 1857.

The Panic of 1857