What caused the downfall of the national bank?

1 answer:

6 0

<h2>The downfall of the national bank was caused because he and many of his supporters blamed the bank for the Panic of 1819, which had become a severe economic depression. The national bank had made that crisis worse, first by lending irresponsibly and then, when the panic hit, by hoarding gold currency to save itself at the expense of smaller banks and their customers.</h2>

You might be interested in

Need help ASAP <br> Will give 20

JulsSmile [24]

Answer:

You know who else needs help with this

Step-by-step explanation:

MY MOM!!!

5 0

3 years ago

Briefly explain ONE historical event or development that had an

slega [8]

The Cotton Gin impacted the industrial revolution by speeding up the process of picking cotton seeds

7 0

3 years ago

Is this the right way 2 set up the equation

crimeas [40]

yes

plz mark as brainliest

3 0

3 years ago

1. Who is being depicted in the picture?

Elden [556K]

Answer:

imperialist expansion

Explanation:

like during the world war where they all wanted a piece of africa

5 0

3 years ago

Thomas Jefferson passed the embargo act in 1807 what was the purpose

Bond [772]

President Thomas Jefferson hoped that the Embargo Act of 1807 would help the United States by demonstrating to Britain and France their dependence on American goods, convincing them to respect American neutrality and stop impressing American seamen. Instead, the act had a devastating effect on American trade.

I hope this helps!

6 0

3 years ago