1. Federalist No. 10
Causes for the panic included the failure of state banks due to the lack of funds, a new piece of legislation was passed that called for the payment of hard currency for land, factories were closed due to foreign competition, and the price of cotton fell dramatically. ... The Whigs, unlike their democratic counterparts, believed in the expansion of the federal government's power, they encouraged commercial and industrial development, and they believed that the country should be one, consolidated economic system. To achieve this idea of a powerful and centrally economic nation, the Wh...
- Word Count: 2848
- Approx Pages: 11