During the 1800s,many U.S.financial crises were precipitated by an increase in ________,often originating in London.
A) interest rates
B) housing prices
C) gasoline prices
D) heating oil prices

Question

Quizplus · Accepted Answer

Many U.S. financial crises during the 1800s were caused by an increase in interest rates, which often originated in London. As a result, the U.S. economy suffered from higher borrowing costs and reduced access to credit, leading to financial instability and economic downturns.