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Which of the following was a result of the Panic of 1837?Multiple choice question.Strikes led to laws limiting the work day to ten hours.The growing labor movement was weakened.Imprisonment for debt was abolished.Labor unions grew.

Question

Which of the following was a result of the Panic of 1837?Multiple choice question.Strikes led to laws limiting the work day to ten hours.The growing labor movement was weakened.Imprisonment for debt was abolished.Labor unions grew.

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Solution

The Panic of 1837 led to a severe economic depression in the United States. The correct answer to your question is: "The growing labor movement was weakened." Here's why:

  1. The Panic of 1837 was a financial crisis that triggered a major recession that lasted until the mid-1840s. Profits, prices, and wages went down while unemployment went up.

  2. This economic downturn weakened the growing labor movement. Workers were more concerned about keeping their jobs than fighting for better conditions or wages.

  3. While there were strikes during this period, they did not lead to laws limiting the work day to ten hours. This kind of labor legislation didn't come about until later in the 19th century.

  4. Imprisonment for debt was not abolished as a result of the Panic of 1837. While some states began to abolish debt imprisonment during this period, it was not a direct result of the Panic.

  5. Labor unions did not grow as a result of the Panic of 1837. The economic depression made it difficult for unions to gain power, as workers were more concerned about keeping their jobs than joining a union.

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