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Q: 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.
A: D. The federal government stopped accepting paper money for the purchase of land. The immediate cause of the "Panic of 1837" was President Jackson's decision to allow the sale of land to those paying in gold or silver only.
migzptz|Points 6388|
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Asked 8/24/2012 12:11:10 PM
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