jan 1, 1837 - Panic of 1837

Description:

[1837]

context: happened right after the indian removal act (1830) & after AJ's administation

causes:
- jackson shut down the national bank (democratic party typa stuff)
- bank overissued paper money -> INFLATION
- specie circular
- british econ problems -> less investment in the US

effect: seven years of ECONOMIC DEPRESSION

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