What led to the Panic of 1819? Why were western farmers particularly hard hit by the depression that followed?
What will be an ideal response?
Answer: The ideal answer should include:
The Second Bank of the United States played a major role in triggering the Panic of 1819.
The Second Bank sought to regulate the national economy through loans to state and local banks.
In 1819, the Second Bank clamped down on local wildcat banks that had extended credit to many people who could not repay their loans.
Many western farmers relied on credit from banks and local private lenders.
As a result, the bank’s crackdown on wildcat banks had a devastating impact on western households.
Ruined by the Panic of 1819, many western farmers developed an abiding hatred of the Bank of the United States and a deep resentment of eastern financiers.
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Why did most rural black families remain close to involuntary servitude by the late 1800s?
A) They granted power to their former owners in order to avoid work. B) They lacked education, land, and political access to improve their lives. C) They wanted their children to know what it felt like to struggle to survive. D) They wanted to develop domestic and agricultural skills for future prosperity.
Men like Austin who received land grants in return for bringing settlers to Texas were called:
A) adelantados. B) empresarios. C) Tejanos. D) pathfinders.
Hernando Cortés's conquest of the Aztecs in 1518 was made possible largely due to
A. Spanish alliances with enemies of the Aztecs. B. the Spanish co-opting the Aztec religion. C. political divisions within the Aztec leadership. D. the negotiating skills of the Spanish conquistadores. E. the exposure of the Aztecs to smallpox.
Because of widespread political corruption and economic failure, African women have mainly benefited if they remained in rural and tribally-run areas and away from urban locales
a. True b. False Indicate whether the statement is true or false