The Panic of 1837 was a depression. Panic was then used for what we now call a depression. The Panic of 1837 was caused in part by some of President Andrew Jackson's economic policies, like the Specie Circular, not renewing the charter of the Second Bank of the US, placing government funds in "pet banks." and no government regulation of various business practices.
Depression
a worldwide economic crisis called the long depression
A big 5 year depression. MOst of the people went Unemployment.
Martin Van Buren was the President when this depression or panic hit. It cost him his job .
Hundreds of banks closed, High Unemployment, and a five year depression
Over-speculation and Jackson's financial policies.
Depression
contributed to the great depression It contributed to the depression 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.
a worldwide economic crisis called the long depression
A big 5 year depression. MOst of the people went Unemployment.
A big 5 year depression. MOst of the people went Unemployment.
Martin Van Buren was the President when this depression or panic hit. It cost him his job .
Panic of 1837
Hundreds of banks closed, High Unemployment, and a five year depression
Up to 12 years in some states
The National Trades' Union collapsed during the Panic of 1837.