Of the following statements, which is the most accurate in explaining why the Panic of 1819 was so significant?

A. The nation had never before experienced economic hard times.
B. It prompted a frenzy of canal building.
C. As the first major American depression, it affected city folk and rural Americans alike.
D. In reaction, land sales rose to speculative heights.


Answer: C

History

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The Navigation Acts were

A. procedures instituted by the king when he chartered the Virginia Company. B. regulations decreed by Massachusetts to regulate shipping safety. C. laws passed to give English merchants a monopoly on the colonial trade. D. reforms prescribed by the Virginia Company to encourage diversification of the economy.

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In terms of sheer numbers, which of the following groups made up the backbone of southern society?

A. whites who owned between 20 and 50 slaves B. the planters of consequence C. yeoman farmers who owned no slaves D. whites who owned only a few slaves

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In the early twentieth century, the ______________ was home to the greatest concentration of foreign-born residents

A) Northeast B) upper Midwest C) Southeast D) Northwest

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Zoe, a Canadian, prefers to stand a good distance away from others when talking compared to the rest of her mostly Asian colleagues. In this case, Zoe is from a(n) _____ culture

A) conservative B) individualistic C) collectivistic D) masculine E) feminine

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