The Panic of 1819 was the first major financial crisis in the United States. It featured widespread foreclosures, bank failures, unemployment, and a slump in agriculture and manufacturing. It marked the end of the economic expansion that had followed the War of 1812.
1. The panic stopped trade between the states.
2. The panic showed that there was a need for a new National Bank.
3. The panic forced the Great Triumvirate of senators to compromise.
Hence, The answer choice is:
All of the above.
