Question

A) Briefly explain how ONE of the following was affected by the Panic described in the excerpt.

Answer 1

A) the correct answer is:  The west.

The panic was a financial crisis during the era of good feelings whose consequence was a policy of encouragement of westward migration.

B) the correct answer is: the land speculation:

Due to the economy reformation to an independent economy, bringing up the paper money issues and economy concerns, led to the massive land speculations.

C) The second bank had to regulate the state bank credit market as a compensation for what was happening, beginning with a visible reduction in loans by its western branches.