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The Panic of 1819 Hit Farmers in the West Particularly

Question 15

Multiple Choice

The Panic of 1819 hit farmers in the West particularly hard because


A) farmers had invested heavily in modern machinery.
B) they had hired workers to whom they now owed wages.
C) they had bought their farms on credit, could not afford the payments and risked foreclosure.
D) American consumers were turning to cheaper European imports.
E) the economic panic was accompanied by a severe drought.

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