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banks calling in loans apex

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6y ago
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6mo ago

A major cause of the Panic of 1812 was the War of 1812 itself. The conflict disrupted trade patterns between the United States and Britain, leading to a decline in exports and economic uncertainty. Additionally, the war forced the U.S. government to borrow heavily to finance military operations, further straining the economy.

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Q: What was a major cause of the Panic of 1812?
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