what happened to the economy after the war of 1812?\no decline of the textile industry\no decreased cotton…

what happened to the economy after the war of 1812?\no decline of the textile industry\no decreased cotton production and sales\no state banks replaced the national bank, growing the economy\no development and growth of the real estate market

what happened to the economy after the war of 1812?\no decline of the textile industry\no decreased cotton production and sales\no state banks replaced the national bank, growing the economy\no development and growth of the real estate market

Answer

Brief Explanations:

After the War of 1812, the United States saw growth in its economy. With the end of the war, there was a push for domestic manufacturing. State - chartered banks increased in number and replaced the first Bank of the United States which had expired its charter. These state banks provided credit that spurred economic growth. The textile industry actually grew due to the need for domestic production during the war and post - war period. Cotton production and sales also increased as demand for raw materials for the growing textile industry rose. There was no significant development and growth of the real estate market as a direct result of the War of 1812.

Answer:

state banks replaced the national bank, growing the economy