Hundreds of banks closed, High Unemployment, and a five year depression
There were a number of causes to the financial crisis known as "The Panic of 1837", including the economic policies of President Jackson and most of the banks of the area, ceasing payment in silver and gold.
It Occured on May 10, 1837
in all likelihood you're thinking of the panic of 1837.
Depression
What do you think Van Buren could have done to ease the panic of 1837?Read more: What_do_you_think_Van_Buren_could_have_done_to_ease_the_panic_of_1837
The federal government stopped accepting paper money for the purchase of land.
There were a number of causes to the financial crisis known as "The Panic of 1837", including the economic policies of President Jackson and most of the banks of the area, ceasing payment in silver and gold.
It Occured on May 10, 1837
Panic of 1837
in all likelihood you're thinking of the panic of 1837.
the panic of 1837 affected the nations economy by entering an economic depression where the business and unemployment fell to a very low level.
Depression
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panic of 1837
The direct cause of the Panic of 1837 was the vetoing of the Bank Bull by president Andrew Jackson. This was a serious financial crisis in the United States.
What do you think Van Buren could have done to ease the panic of 1837?Read more: What_do_you_think_Van_Buren_could_have_done_to_ease_the_panic_of_1837
contributed to the great depression It contributed to the depression of 1837.