Which of the Following Is a True Statement About the Panic

Multiple Choice

Which of the following is a true statement about the Panic of 1837?

A) It resulted in the appreciation of paper money.
B) It led to loss of value of specie.
C) It led to an economic depression that lasted nearly a decade.
D) It resulted in the Cherokee Indians' getting their land back.
E) It led to the establishment of a central bank to control the financial contraction.