Which of the following was an immediate cause of the Panic of 1837?
A. Congress lowered protective tariffs.
B. The first Bank of the United States closed.
C. President Jackson allocated too much money to the American System.
D. The federal government stopped accepting paper money for the purchase of land.

Question

Which of the following was an immediate cause of the Panic of 1837?
	A. Congress lowered protective tariffs. 	
	B. The first Bank of the United States closed. 	
	C. President Jackson allocated too much money to the American System. 	
	D. The federal government stopped accepting paper money for the purchase of land.

solomonzelman · Answer

I think the answer is D!

solomonzelman · Answer

I am pretty sure about that!
It is 99% the right answer