Question

The Industrial Revolution contributed to the Panic of 1819 by



a.

restricting bank financing and both import and export trade.


b.

promoting mass production of goods, which resulted in the unemployment of many tradesman and business owners.


c.

financing new business and production with currency not backed by gold or silver.


d.

encouraging production, new inventions, and businesses using bank loans, which many could not repay.

Answer 1

D