Question

The Panic of 1819: enhanced trust in banks because they did such a good job of weathering the economic storm. inspired John Marshall’s decision against the banking power in Gibbons v. Ogden. resulted partly from an upsurge in European demand for American farm products that the United States was unprepared to meet. prompted some states to suspend debt collections, which helped debtors but hurt creditors. led to impossibly high prices for western lands.

Answer 1

Answer:

Inspired John Marshall’s decision against the banking power in Gibbons v. Ogden.

Explanation:

The Gibbons v. Ogden was a case decided by the US Supreme Court in 1824 that held that the Congress of the United States had the power to regulate interstate commerce. This decision was influenced by the Panic of 1819 that increased the mistrust of banks, bankers and paper money since the heart of the crisis of 1819 was at the easy credit that increased debt and led the US to a depression that lasted two years.