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Panic Of 1819 Research Paper

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The Panic of 1819 raised concerns of Americans by enhancing their feelings on the controversies and problems of the time. During that depression, Banks throughout the country failed; mortgages were foreclosed, forcing people out of their homes and off their farms. Falling prices impaired agriculture and manufacturing, triggering widespread unemployment. Additionally, John Quincy Adams, the Secretary of State to James Monroe, claimed that both the House of Representatives and the Senate was trying to limit the powers of the President. The imbalance of power would ultimately cause a destructive prospect. in an effort to preserve the balance of power in Congress between slave and free states, the Missouri Compromise was passed in 1820 admitting

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