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Business, 02.12.2021 03:20 tiaragirl923

What crisis happened when American cotton producers borrowed money to expand productive capacity to meet increased European demand for cotton following the Napoleonic conflicts but when European demand returned to normal, demand for American cotton fell causing a reduction in price which led to American cotton producers being unable to repay the borrowed money leading to a liquidity crisis in the American banking sector

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What crisis happened when American cotton producers borrowed money to expand productive capacity to...
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