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?
The ideal answer should include:
1. The Second Bank of the United States played a major role in triggering the Panic of 1819.
2. The Second Bank sought to regulate the national economy through loans to state and local banks.
3. In 1819, the Second Bank clamped down on local wildcat banks that had extended credit to many people who could not repay their loans.
4. Many western farmers relied on credit from banks and local private lenders.
5. As a result, the bank's crackdown on wildcat banks had a devastating impact on western households.
6. 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 U.S. negotiate treaties with various Plains Indian groups in the 1850s?
A) to secure the rights of whites to hunt bison B) to confine the Indians to reservations C) to guarantee safe passage of whites through Indian lands D) to recognize the Indian nations as sovereign and independent
Siddartha denied the reality of the material or physical world, claiming that it was all an illusion that had to be transcended
a. True b. False Indicate whether the statement is true or false
Indonesia, in 1950, gained independence from which European nation?
a. Britain b. France c. The Netherlands d. Belgium e. Germany
Christian religions proved attractive in some parts of Africa because
a. z they did not disrupt African culture. b. Africans were willing to abandon Islam. c. they established mission schools that taught skills and literacy. d. they could be adapted to African needs. e. missionaries gave fifty pounds sterling to new converts.