Panic of 1837 (10 mayo 1837 año – 1 ene 1843 año)
Descripción:
An economic crisis brought about by the rapid inflation caused by state banks. After the Bank War ended, state banks began to fill the void the National Bank left. However, there was much less regulation on these banks, and they began to overprint currency, which caused a devaluing of US money.Añadido al timeline:
fecha:
10 mayo 1837 año
1 ene 1843 año
~ 5 years and 7 months