What economical event led James Wilson to financial ruin?
Panic of 1796–1797
Stock Market Crash of 1929
Recession of 1937
Dot-com Bubble
Answer
James Wilson was a signer of the US Constitution and an early Supreme Court justice. He was also a very wealthy man, but lost most of his fortune during the Panic of 1796–1797. This panic was caused by a number of factors, including the outbreak of war between France and Britain, which disrupted trade and caused a drop in the value of American exports.
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