B. The Panic of 1857.
The Panic of 1857 is the first recorded economic crisis of the world.
This is because Britain repealed the requirements of the Peel Banking Act of 1844.
This act required British currency to be backed by silver and gold. Therefore giving the current actual value, because of rare items equal value.
Becuase of instant information, the public and the world immediately learned about this, and therefore lost trust and security in Great Britain's currency.
This, therefore, leads to the Panic of 1857.
A. the creation of the Associated Press
This is not a bad side effect.
C. the Industrial Revolution
This is not a bad side effect at all, however, one of the greatest advancements in technology that boosted the worldwide economy.
D. Transcontinental Railroad
Once again, this is not a bad side effect, and instead is an extremely important development in American economics.
Hope this helps!
Adams was a Federalist, or strong Federal Government. Jefferson was an anti Federalist, or states rights. But Jefferson did practice federalism policies during his term. Adams never owned slaves and his parents were deeply opposed to slavery.
