Question

what was a major cause of the panic of 1819?
a. high demand for american products in european countries
b. a demand for soldiers and sailors to increase americas armed forces
c. too many new factories opening and hiring farm workers
d. banks calling in loans they had made to farmers and businesses

Explanation:

The Panic of 1819 was a financial crisis in the United States. Banks over - extended credit during the post - War of 1812 economic boom. When the economy started to slow, banks called in loans they had made to farmers and businesses, leading to widespread foreclosures and bankruptcies. High demand for American products would boost the economy, not cause a panic. Demand for soldiers and sailors and new factories opening were not major causes of this financial panic.

Answer:

D. Banks calling in loans they had made to farmers and businesses