What was the major cause of the panic of 1819?

Answer 1

Farmers and businesses being unable to pay back money borrowed from banks. -Apex

Answer 2

fewer exported goods to Europe=) apex

Answer 3

The major cause of the Panic of 1819 was irresponsible banking policies. The Second Bank of the United States offered bad loans and paper money, then changed to more conservative credit policies, especially in the western states where state loans had been made to land speculators. When the Second Bank of the United States called in its loans the state banks began foreclosing on the heavily mortgaged farms and business properties they had financed. The land speculators were unable to pay the bank loans which then caused the banks to fail and wipe out their depositors.

Other causes that contributed to the Panic of 1819 included falling prices, a slumping cotton market in the south, and an influx of goods from foreign countries, all of which triggered widespread unemployment.
The major cause of the Panic of 1819 was the general collapse of the American economy. Banks started to fail, mortgages were foreclosed and people were forces from their homes and farms.

Answer 4

Farmers and businesses being unable to pay back money borrowed from banks (APEX)

Answer 5

Farmers and businesses being unable to pay back money borrowed from banks

Answer 6

The end of the war between France and Great Britain

Answer 7

Banks calling in loans they had made to farmers and businesses (apex)

Answer 8

Banks calling in loans they had made to farmers and businesses

Answer 9

Banks calling in loans they made to farmers and businesses