The correct response is the boom-and-bust cycle of capitalism. Economic panics in the early 1800s were often associated with fluctuations in the economy, characterized by periods of rapid growth followed by severe downturns, which is indicative of the boom-and-bust cycle.
Which of the following was a characteristic of economic panics in the early 1800s?
(1 point)
Responses
protective tariffs
protective tariffs
a declining agricultural economy
a declining agricultural economy
the boom-and-bust cycle of capitalism
the boom-and-bust cycle of capitalism
rapid industrialization
rapid industrialization
1 answer
3 answers