The Panic of 1819 was the event that caused Americans to rethink the New Republicans and their American system which favored tariff protection, the Second Bank of the United States and internal improvements. The panic resulted from the efforts of the Second Bank of the United States to curtail inflationary practices. This occurred because many of the branch offices in the West has issued massive amounts of currency to land boom speculators and farmers. Most of these banks lacked hard currency to back up the paper currency. They did so by sharply reducing loans to western branches, which led to foreclosures on real property--farms and businesses. The panic caused financial panic, massive unemployment and bankruptcies.
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Explanation:
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Hammond gained control of her family's plantation, Silver Bluff, and its large slave population. ... He implemented progressive farming techniques at Silver Bluff that enhanced his wealth and devastated his slaves. He exercised strict control over the lives of his slaves.
Government promotes competition in market place by putting in place and enforcing anti-trust legislation, by engaging in trade with other countries of the world [global trade], by supporting new businesses that are just coming up. Anti- trust legislation are put in place by the government in order to discourage development of monopoly in the market place.
Answer:
The original 13 colonies were divided into three geographic areas consisting of the New England colonies, the Middle colonies, and the Southern colonies.