[Answer] Which best explains how the Panic of 1819 affected voting rights?

Answer: Many white male property owners lost their land and with it the right to vote.
Which best explains how the Panic of 1819 affected voting rights?

The Panic of 1819 was the first widespread and durable financial crisis in the United States and some historians have called it the first Great Depression. It was followed by a general collapse of the American economy that persisted through 1821.

Though the downturn was driven by global market adjustments in the aftermath of the Napoleonic Wars its severity was compounded by excessive speculation in public lands fueled by the unrestrained issue of paper money from banks and business concerns.

Though the downturn was driven by global market adjustments in the aftermath of the Napoleonic Wars its severity was compounded by excessive speculation in public lands fueled by the unrestrained issue of paper money from banks and business concerns. The Second Bank of the United States (SBUS) itself deeply enmeshed in these inflationary practices sought to compensate for its laxness in regulating the state bank credit market by initiating a sharp curtailment in loans by its western branches beginning in 1818. Failing to provide gold specie from their reserves when presented with their own banknotes for redemption by the SBUS the state-chartered banks began foreclosing on the heavily mortgaged farms and business properties they had financed. The ensuing financial panic in conjunction with a sudden recovery in European agricultural production in 1817 led to widespread bankruptcies and mass unemployment. The financial disaster and recession provoked popular resentment against banking and business enterprise along with a general belief that federal government economic policy was fundamentally flawed. Americans many for the first time became politically engaged so as to defend their local economic interests. The New Re…

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