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Which of the following led to the Panic of 1819? Select all that apply.

Excessive credit on real estate resulting in defaulted loans.

There was an increase in American manufacturing during the war along with the stress of postwar British competition.

The rise and fall of the American farming economy.

There was additional threats of attack from both the French and the British.

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The Panic of 1819 was the first significant economic crisis in the United States and led to failed banks, property foreclosures, and widespread suffering in Alabama. The calamity resulted from the declining value of cotton—Alabama's main export crop—as well as other national commodities. 
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The rise and fall of the American economy.

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