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4 September, 12:33

What laws or policies were put into place after the panic of 1819 to ensure something like that wouldn't happen again?

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  1. 4 September, 14:18
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    These are the laws or policies that were put into place after the panic of 1819 to ensure something like that wouldn't happen again:1. Relief for Public Land Debtors Act - this allowed debtors who were purchasing land from the government to have the part of the land which was already paid and relinquish the remaining amount. 2. Monetary expansion - there is some place which banks were suspended the special payments and issued a lot of notes which are inconvertible. Treasury Secretary Crawford suggested having restrictions on bank credits to prevent a future crisis. 3. Gave more support in protecting tariffs for the benefit of the American industry.
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