The United States faced another economic crisis in 1857. Which of the following was an important factor leading up to this crisis?
-The new “Third Bank of the United States” tried to manipulate the economy.
-The large discoveries of gold in California drove up prices and accelerated the economy.
-Frequent deflation, or large decreases in the price level.
-Southern states threatened to secede which made the United States a much more risky place to invest.