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The Panic of 1819 led to a significant economic downturn that severely affected farmers, particularly those in the West. Many faced foreclosure on their lands due to falling agricultural prices and rising debts, as banks tightened credit and called in loans. This financial strain resulted in widespread distress, leading to protests and calls for reform, as farmers struggled to maintain their livelihoods amidst a collapsing economy. Ultimately, the panic highlighted the vulnerabilities of the agricultural sector in a rapidly changing economic landscape.

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5d ago

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


What was a major cause of the panic of 1819 Apex answer?

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