Which did not happen because of the Panic of 1837?

Social Studies

1 answer:

Aleks04 [339]3 years ago

4 0

Answer:

Andrew Jackson left the presidency in disgrace.

Explanation:

The Panic of 1837 was known for financial crises in the United states that involves decrease in prices, profits, and wages and increase in unemployment that ends in the mid-1840s.

Several effects of the Panic of 1837 include failure of banks, businesses failed, unemployment and prices declined.

Martin Van Buren served as eighth president from 1837 to 1841 and he was the eighth vice-president and secretary of states when Andrew Jackson was president. His presidency was ruined because of financial crises.

Andrew Jackson did not left the presidency in disgrace as he in his presidency he gained new respect for the United States in foreign affairs.

Hence, the correct answer is "Andrew Jackson left the presidency in disgrace."

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