Question

Which of the following could be considered a negative side effect to instant information? A. the creation of the Associated Press B. the Panic of 1857 C. the Industrial Revolution D. the Transcontinental Railroad

Answer 1

B. The Panic of 1857.

The Panic of 1857 is the first recorded economic crisis of the world.

This is because Britain repealed the requirements of the Peel Banking Act of 1844.

This act required British currency to be backed by silver and gold. Therefore giving the current actual value, because of rare items equal value.

Becuase of instant information, the public and the world immediately learned about this, and therefore lost trust and security in Great Britain's currency.

This, therefore, leads to the Panic of 1857.


A. the creation of the Associated Press
This is not a bad side effect.

C. the Industrial Revolution
This is not a bad side effect at all, however, one of the greatest advancements in technology that boosted the worldwide economy.

D. Transcontinental Railroad
Once again, this is not a bad side effect, and instead is an extremely important development in American economics.

Hope this helps!

Answer 2

The panic of 1857 because a panic is always negitive