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Panic of 1819: Summary & Causes

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

The Panic of 1819 was the first major economic _____ in the history of the United States.

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1. How did the War of 1812 contribute to the Panic of 1819?

2. The drop in demand for American goods in _____ was another cause/symptom of the Panic of 1819.

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About This Quiz & Worksheet

This worksheet and quiz combination allow you to figure out how much you really know about the three main factors that caused the Panic of 1819. Passing the included quiz requires you to be familiar with topics such as the contribution of the War of 1812 to the economic downturn and which area on the globe scaled back its demands for American goods.

Quiz & Worksheet Goals

Use this quiz and worksheet set to assess your knowledge of the following:

  • What kind of economic event was the Panic of 1819
  • How the War of 1812 contributed to the Panic
  • Roles of the Second Bank of the United States and other banks in causing the Panic
  • Land event that caused the bankrupting of speculators

Skills Practice

You will practice the following skills as you complete the quiz and worksheet:

  • Making connections - understand how the bankrupting of speculators trying to pay off loans helped lead to the Panic of 1819
  • Reading comprehensions - ensure that you draw the most important information about the War of 1812 from the related lesson
  • Critical thinking - apply relevant concepts to examine information about the actions of the Second Bank of the United States in a different light

Additional Learning

Learn more when you read through the lesson entitled Panic of 1819: Summary & Causes. That lesson covers these important objectives:

  • Understand the practice of speculator loans
  • Identify the importance of the Second Bank of the United States
  • Recognize the connection between the War of 1812 and the Panic of 1819
  • Discover what Westward Expansion was
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