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jan 2, 1837 - Panic of 1837

Description:

- Jackson moves federal bank deposits to state and local banks, causing recession
- Relaxed credit policies and inflation ensue
- Jackson then demands a Specie Circular (land only paid for in Silver, Gold, or special certificate)

Added to timeline:

APUSH REVIEW

ByJason Eaton
14 Apr 2018

Date:

jan 2, 1837
Now
~ 187 years ago
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