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I think that the answer is that when Van Buren became president, he persuaded congress to establish a federal treasure in 1840. Hope that helps. :)
"that answer is partially wrong" by editor.
ANSWER: When land value dropped sharply, investment declined suddenly and banks failed Got off book)
^^^^^^^^^^^^^
That is not the question
I think the REAL ANSWER is, when land value dropped paper money value dropped because of over printing it became worthless. So you had to use gold and silver coins to pay
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What hardships did citizens face during the Panic of 1837?
During the Panic of 1837, 10% of Americans were unemployed. Also, mobs in New York City raided warehouses to make sure they had food to eat.
What was the main cause of the Panic of 1837?
They caused by them telling Andrew Jackson that it was wrong to give people loans of gold and sliver. also because in the Cordially they discussed it farther and came to a calculation that the Speculators were truly the ones to blame for the panic of 1837.
The panic of 1837 and subsequent depression were caused by?
Over-speculation and Jackson's financial policies.
Importance of panic of 1837?
I think it is Inflation.
The panic of 1837 resulted in a depression that lasted for how long?
Up to 12 years in some states
When did the panic of 1837 occur?
It Occured on May 10, 1837
Financial panic Andrew Jackson responsible for?
Panic of 1837
What was the panic of 1937?
in all likelihood you're thinking of the panic of 1837.
Why was the Panic of 1837 significant for President Van Buren?
Van Buren had to respond but was hampered by his own political party's laissez-faire policies, dooming his re-election
How did the panic of 1837 affect the economy?
the panic of 1837 affected the nations economy by entering an economic depression where the business and unemployment fell to a very low level.
What was the economic condition following the Panic of 1837?
Depression
What did the panic from 1837 result in a large measure of?
l
What are Martin van Buren failures?
panic of 1837
What was direct cause of the 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?
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
How did Jacksons Specie Circular of 1836 affect the economy of the us?
contributed to the great depression It contributed to the depression of 1837.
What contributed to the panic 1837?
economic crises in Great Britain
