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This is because Britain repealed the requirements of the Peel Banking Act of 1844.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.
Letter A should be the answer. Clinton expresses his opinions about immigrants really positively so he believes they have a positive effect on the nation.
