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Viktor [21]
3 years ago
7

How did the panic of 1837 occur?​

History
2 answers:
Alika [10]3 years ago
8 0

Answer:

It was a crisis

Explanation:

The panic was a financial crisis, or market correction, driven by speculative fever.

natta225 [31]3 years ago
7 0

Answer:

The Panic of 1837 was a financial crisis, or market correction, driven by speculative fever. Inflation became rampant after federal deposits to the Second Bank of the United States were withdrawn, based on the assumption that the government was selling land for state bank notes of questionable value.

Explanation:

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