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Olenka [21]
3 years ago
10

What caused the economic panics in the 1800s?

History
2 answers:
san4es73 [151]3 years ago
8 0

The supply of goods exceeded the demand. hope this helps brainiest please

White raven [17]3 years ago
5 0

<em><u>Answer:</u></em>

  • The supply of goods exceeded the demand.

<em><u>Explanation:</u></em>

The economic panics were caused by a fall in cotton costs. A withdrawal in credit concurred for the issues in the cotton market, and the American economy was extremely influenced.

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Arthur Young states that there is a great difference between the “lower people” in England and France. Who does he blame for that difference?

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The life of the woman Arthur Young met was of poverty, suffering, pain, and despair. She was a very poor woman like many French people from the Third State. In comparison, the lives of Louis XVI, Marie Antoinette, and other members of the First and Second Estates were full of unnecessary luxuries and flamboyant styles, when the people of France were starving. That is why the French Revolution started, for the many injustices and poverty, while the French crown lived a luxurious life.

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