1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
max2010maxim [7]
3 years ago
12

What was the cause of the panic in 1837

History
2 answers:
inessss [21]3 years ago
8 0
The Panic of 1837 was a financial crisis in the United States that touched off a major recession that lasted until the mid-1840s. Profits, prices, and wages went down while unemployment went up. Pessimism abounded during the time. The panic had both domestic and foreign origins. Speculative lending practices in western states, a sharp decline in cotton prices, a collapsing land bubble, international specie flows, and restrictive lending policies in Great Britain were all to blame.[1][2] On May 10, 1837, banks in New York City suspended specie payments, meaning that they would no longer redeem commercial paper in specie at full face value.[3] Despite a brief recovery in 1838, the recession persisted for approximately seven years. Banks collapsed, businesses failed, prices declined, and thousands of workers lost their jobs. Unemployment may have been as high as 25% in some locales. The years 1837 to 1844 were, generally speaking, years of deflation in wages and prices.[4]
Pachacha [2.7K]3 years ago
3 0

Answer:

economic policies because of president Jackson

Explanation:

You might be interested in
The long term effects of alcohol use listed above match which body system
scoundrel [369]
Your brain nervus system
7 0
3 years ago
Read 2 more answers
Forests are useful in fighting the effects of air pollution because they produce __________. A. Carbon B. Oxygen C. Hydrogen D.
mixas84 [53]

Answer:

The Important Relationship between Forests and Air. Not only do trees produce oxygen, but they also improve air quality in some unexpected ways. ... As trees transpire, they release water into the atmosphere through their leaves.

Explanation:

5 0
2 years ago
Which of the following best describes how aircraft changed during the course of World War I?
Andreyy89

Answer:

Be cause it blast yesterday

Explanation:

8 0
2 years ago
How was power passed down through generations in Mesopotamia?
sveticcg [70]
Well what power the mesopatamians developed the first form of writing known as cuineaform and they invented the first wooden plow and we use those two things today.writing documents,laws,contracts and many other stuff.The plow is used for farming but now adays we just put them on huge tractors that so it for us
5 0
3 years ago
Is this True or False
zmey [24]

Answer:

hello can you follow me

Explanation:

Can you please send again it's not clear

3 0
2 years ago
Other questions:
  • What does Coram mean when he refers to “civilized man” and “savages”?
    13·2 answers
  • How have political parties changed the electoral college? the electoral college now reflects each state’s popular vote. the elec
    5·2 answers
  • 1. In 1933, congress repealed prohibition with the :
    9·1 answer
  • When Europeans arrived, many Native Americans:
    13·1 answer
  • What was the agreement which called for a two-house legislature; one based on equal
    11·1 answer
  • How did the cold war influence the foreign and domestic policy?
    9·1 answer
  • Each state is divided into ____ for representation in the House of Representatives
    10·1 answer
  • What did the Athens build temples from
    11·2 answers
  • Building the 13 colonies ​
    11·1 answer
  • What role did Albert Sidney Johnston play in the Civil War?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!