Why did Jackson’s decision to close the bank lead to the Panic of 1837? How did the panic cause a depression?

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10-09-2020
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Why did Jackson’s decision to close the bank lead to the Panic of 1837? How did the panic cause a depression?

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jessica9576 jessica9576 · Answer 1 · 2020-09-10T19:40:33+02:00

jessica9576 jessica9576

10-09-2020

The panic of 1837 was influenced by the economic policies of President Jackson. Andrew Jackson withdrawal of federal government funds from the Bank of the US, one of the strips that ultimately led to the Panic of 1837

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