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vlabodo [156]
2 years ago
7

Explain the role of banks in the Panic of 1837.

History
1 answer:
ss7ja [257]2 years ago
7 0

Answer:

This ailing economy of early 1837 led investors to panic – a bank run ensued – giving the crisis its name. The run came to a head on May 10, 1837, when banks in New York City ran out of gold and silver. They suspended specie payments and would no longer redeem commercial paper in specie at full face value.

Explanation:

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zhenek [66]

Answer:

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7 0
3 years ago
Read 2 more answers
The "Trail of Tears" refers to which event?
kondaur [170]
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4 0
3 years ago
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When stock proces began to fall in the united states how did americans react
stich3 [128]

Answer and Explanation:

Brokers tried to sell stocks, but no one wanted to buy them. Many people scrambled to buy stocks on margin. People wanted to buy stocks, but there were none left to buy.

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3 years ago
Who fought in the Thermopylae battle?
Svetradugi [14.3K]
Battle of Thermopylae. 300 Spartans under king Leonidas and other Greek allies hold back the persians led by Xerxes l  for three days but are defeated. 
5 0
3 years ago
Match each cause on the left with its effect on the right.
WARRIOR [948]

Answer:

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Explanation:

e2020

4 0
3 years ago
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