What was a major cause of the panic of 1619?

The Panic of 1619 was primarily caused by the sudden influx of tobacco in the Virginia Colony, which led to a dramatic drop in prices. This oversupply, combined with speculative investments and the economic instability of the time, created widespread financial distress among planters and investors. Additionally, the introduction of a new system of indentured servitude exacerbated the economic uncertainty, leading to a lack of confidence in the colony's future.