Panic of 1837 (mar 5, 1837 – jan 14, 1845)
Description:
it was caused by Jackson's mistrust of paper money and instituting the "Specie Circular' which ended policy of selling government land on credit (people now needed to use hard cash).Added to timeline:
Date:
mar 5, 1837
jan 14, 1845
~ 7 years and 10 months