Western Americans tended to blame the national bank for the Panic of 1819.

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Western Americans believed that the national bank, which was chartered by the federal government and had a significant influence on the nation's economy, was responsible for the economic downturn of the Panic of 1819. They believed that the bank's policies caused widespread inflation and speculation, leading to a bubble that eventually burst and caused a financial crisis.

Western Americans Tended to Blame the National Bank for the Panic