CLEP US History I

Answer: A - The fact that there were vast tracts of government land for sale in the West led to speculation, which ultimately caused the Panic of 1819. Because the Second bank of the United States printed additional currency in response to economic fluctuations, the U.S. dollar became rapidly devalued. This was particularly detrimental to the American government because the land purchased at the height of the market was paid for with the defunct currency.