Question

identify the causes of the economic panic of 1819.

Answer 1

Answer:

The Panic of 1819 and the accompanying Banking Crisis of 1819 were economic crises in the United States of America principally caused by the end of years of warfare between France and Great Britain.

Explanation:

Answer 2

The economic causes of the 1819 panic is as a result of

• The trade growth which happened as a result of the 1812 war ended
• There was decline in the prices of cotton
• There was an order for properties to be paid for using hard currencies
• Banks stopped giving credits
• The closure of a lot of factories.

Many factories were closed because of external competitions, this led to a massive increase in unemployment.

The impact of the panic included the rise in unemployment, The value of properties reduced significantly, Banks failed, reduction in the price of agricultural products etc.

Thus, the economic panic of 1819 sent a frightening wave across the Country as a result of declining cotton prices, closure of factories, halt of trade growth etc.

Learn more about this topic here https://brainly.com/question/8968807?referrer=searchResults