Question

All of the following led to the Panic of 1819 EXCEPT:
Excessive credit on real estate resulting in defaulted loans.
There was an increase in American manufacturing during the war along with the stress of postwar British competition.
The rise and fall of the American farming economy.
There were additional threats of attack from both the French and the British.

Answer 1

All of the following apply except for (A. Excessive credit on real estate resulting in defaulted loans.
In 1819, panic swept the country due,in part, to the rapid expansion of American manufacturing during the War of 1812 and the distress caused by the post-war British competition. The rapid expansion of American farming was another factor.

Answer 2

It is actually D. There were not threats from France or England at the time.