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Reaction to the Panic depended upon where one lived. Northern manufacturers thought future economic downturns could be avoided by enacting high tariffs that would protect them from foreign competition. Southerners, however, resented the higher prices they had to pay for imports because of the tariff and began a long campaign against those duties, hoping that freer trade would revive the cotton economy. Westerners, taking a still different approach, blamed the bankers and speculators.

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10y ago
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13y ago

fewer exported goods going from America to eurpoe

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12y ago

The result of the Panic of 1819 was that the whole nation went into a sever depression.

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12y ago

he ate a cow

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Q: What were the effects of the panic of 1819?
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