<P> The Panic brought attention, for the first time, to issues regarding debt relief policy, as well as poor relief . City and state governances began to more effectively approach the public policy reform issues surrounding the poor--a classification system was also created (able - bodied vs. disabled, temporary vs. long - term, etc .). Public attention to solving poverty issues consequently led to public education systems . </P> <P> Public support was great once again for protective tariffs . However, when the "Tariff of Abominations" was implemented in 1828, regional discontent led to the outbreak of Nullification Crisis . The Crisis is seen as a "critical precedent for democratic action ." </P> <P> On a more contemporary note, many economic historians today agree that the Panic of 1819 marked the United States' entrance into the modern business cycle . </P> <P> Different economic schools of thought have offered explanations for the Panic of 1819 . </P>

Who was affected by the panic of 1819