10 Mai 1837 Jahr - Panic of 1837

Beschreibung:

The Panic of 1837 was a severe economic downturn in the United States that began shortly after Martin Van Buren took office, following years of speculative lending and the financial policies of his predecessor, Andrew Jackson, including the dismantling of the Second Bank of the United States. This financial crisis led to widespread bank failures, high unemployment, and a deep recession that lasted until the mid-1840s.