Answer:
The major cause of the Panic of 1819 was irresponsible banking policies. The Second Bank of the United States offered bad loans and paper money, then changed to more conservative credit policies, especially in the western states where state loans had been made to land speculators.
Explanation:
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Answer:
Keep this little phrase in mind: <u>gold, glory, and God.</u> In that order. The reason the Catholic monarchs Isabella and Ferdinand sponsored Columbus was
- <u>gold.</u> They wanted to get rich off of gold, which would enable them to increase their wealth and trading power as per the economic system of mercantilism.
- <u>glory.</u> They wanted their names to be famous. Two of the islands that Columbus saw were named after the two rulers (Isabela Island and Fernandina).
- <u>God.</u> They were highly Catholic (remember the Spanish Inquisition?) and they wanted to spread that, in theory, to the primitive natives.
At first, the Native Americans thought that the settlers were invaders and the Natives would often attack their crops or farms. It wasn't near as bad as what the colonists did to the Natives later, but it was still troublesome. Many natives however did not hate the settlers and even helped them. Due to such help people now celebrate Thanksgiving. Later, colonists started expanding and the rest is history.
