The financial policies of Pres.Andrew Jackson which included the sale of
government lands for silver and gold ONLY and the ending of the Bank of America which continued under the administration of Pres.Martin Van Buren,
his successor.
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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
The federal government stopped accepting paper money for the purchase of land.
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
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