Question

Tightening of credit and a sharp decrease in farm prices led to what? The establishment of the Democratic Party John Calhoun's Nullification Act Economic Collapse of 1800 Panic of 1819

Answer 1

Tightening of credit and sharp decrease in farm prices led to D) The Panic of 1819. The Panic of 1819 was the first peacetime financial crisis in the United states. As banks through out the country failed, mortgages started being foreclosed on. This lead to people being forced out of their homes and off their farms. It was these circumstances that created the Panic of 1819.

Answer 2

Tightening of credit and a sharp decrease in farm prices led to Panic of 1819