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Karolina [17]
3 years ago
11

What caused the economic panic‘s in the 1800s

History
2 answers:
grin007 [14]3 years ago
8 0

Crop failures, Insurance and banking failure, drops in cotton prices, rapid speculation in land, sudden plunges in the stock market and currency and credit crises etc caused the economic panics in 1800s. The United States of America during this period was very young nation and thus these panics devastated her economy.

Lunna [17]3 years ago
6 0

crop failures, insurance and banking failure, drops in cotton prices, rapid speculation in land, sudden plunges in the stock market and currency and credit crises

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