Which of the Following Statements Is True of the Panic

Multiple Choice

Which of the following statements is true of the Panic of 1819?

A) Farmers in the West were particularly hard pressed.
B) People turned to banks after state governments failed to provide them with financial assistance.
C) Banks sanctioned agricultural loans to farmers.
D) The Panic of 1819 did not affect the average American in any significant way.
E) Americans felt protected from the effects of a market-based economy.