Which of the following was not a cause of the Panic of 1819?
A)recovery of European agriculture in the early nineteenth century
B)overexpansion of credit by American bankers
C)underproduction by American farmers
D)the hoarding of available specie by European nations
E)revolution and war had cut off the supply of precious metals from Peru and Mexico.

Question

Quizplus · Accepted Answer

Underproduction by American farmers was not a cause of the Panic of 1819. The other choices were all factors that contributed to the economic recession, including the recovery of European agriculture, overexpansion of credit by American bankers, hoarding of specie by European nations, and the disruption of the supply of precious metals due to revolution and war in Peru and Mexico.

Which of the Following Was Not a Cause of the Panic