Panic of 1837

Examples of Panic of 1837 in the following topics:

• The Panic of 1837

  • The Panic of 1837 was a financial crisis, or market correction, driven by speculative fever.
  • The Panic of 1837 was influenced by the economic policies of President Jackson.
  • Martin Van Buren became president in March of 1837, five weeks before the Panic began; he was later blamed for the Panic.
  • Whig cartoons depicted the economic challenges caused by the Panic of 1837.
  • Analyze the political and economic circumstances leading up to the Panic of 1837

• Economic Booms and Busts

  • The Panic of 1819 was the first major financial crisis in the United States, and occurred during the political calm of the Era of Good Feelings.
  • In 1837, the nation once again faced a financial crisis as a result of the speculative fever of the Market Revolution, known as the Panic of 1837.
  • The Panic of 1837 also arrested business growth for several years.
  • Run on the Seamen's Savings' Bank during the Panic of 1857
  • The widespread use of bank notes contributed to the economic crises of 1819 and 1837.

• The Election of 1840

  • In the wake of the Panic of 1837, William Henry Harrison won the Election of 1840 with his "log cabin campaign" appeal to ordinary people.
  • The United States presidential election of 1840 saw President Martin Van Buren fight for reelection against the backdrop of economic depression.
  • The three leading candidates were William Henry Harrison, a war hero and the most successful of Van Buren's opponents in the 1836 election; Winfield Scott, another general and a hero of the War of 1812 who was active in skirmishes with the British in 1837 and 1838; and Henry Clay, the Whigs' congressional leader and former Speaker of the House.
  • The convention came on the heels of a string of Whig electoral losses.
  • In the wake of the Panic of 1837, Van Buren was widely unpopular, and Harrison, following Andrew Jackson's strategy, ran as a war hero and man of the people.

• Bankers and Lawyers

  • The Second Bank of the United States, chartered in 1816, played a major role in the controversies of this period.
  • This resulted in the Panic of 1819.
  • The instability of this period set the stage for the Panic of 1837.
  • Nicholas Biddle was an American financier who served as president of the Second Bank of the United States and was a political target of President Andrew Jackson.
  • Analyze the Second Bank of the United States' role in American politics of the early 19th century

• The Limits of Prosperity

  • The United States experienced the first major financial crisis of the early republic during the Panic of 1819.
  • Speculative fever once again crippled the U.S. economy in the Panic of 1837.
  • Following a period of runaway inflation, on May 10, 1837, in New York City, banks began to accept payment only in specie ("hard" money of gold and silver coinage), forcing a dramatic, deflationary backlash.
  • The Panic was followed by a five-year depression, resulting in the failure of banks and levels of unemployment which were unprecedented at that time.
  • Whig poster illustrates unemployment in 1837 through the lens of an American family, whose patriarch sits forlornly at a table while rent collectors enter the door.

• The Bank War and Economic Boom

  • In the presidential campaign of 1832, the Bank of the United States was the issue dividing Jacksonian Democrats from National Republicans.
  • The Bank War refers to the political struggle that developed over the issue of rechartering the Second Bank of the United States (BUS) during the Andrew Jackson administration (1829-1837).
  • This episode of the Bank's existence ended in 1841 with liquidation of the institution.
  • This policy arguably led to the Panic of 1837.
  • Analyze the significance of the Bank war in the development of 19th-century America

• Jackson and the Democratic Party

  • It was primarily built by Martin Van Buren, who rallied a cadre of politicians in every state behind war hero Andrew Jackson of Tennessee.
  • Democrats strongly favored expansion to new farm lands, as typified by their attacks on and expulsion of eastern American Indians and their invasion of vast amounts of new land in the West after 1846.
  • Both Democrats and Whigs were divided on the issue of slavery.
  • Jackson's vice president, Martin Van Buren, won the presidency in 1836, but the Panic of 1837 caused his defeat in 1840 at the hands of the Whig ticket of General William Henry Harrison and John Tyler.
  • The 1840s and 1850s were the heyday of a new faction of young Democrats called "Young America."

• The Panic of 1819

  • The Panic of 1819 was the first major financial crisis in the United States and occurred during the political calm of the "Era of Good Feelings."
  • The Panic of 1819 was the first major financial crisis in the United States and occurred during the political calm of the "Era of Good Feelings."
  • The inflated economic bubble burst in 1819, resulting in the Panic of 1819.
  • Many remedies to the Panic of 1819 were proposed, including the following:
  • He acquiesced in suspending specie payments to bank depositors, setting a precedent for the Panics of 1837 and 1857.

• The Beginnings of the Labor Movement

  • In 1824, workers in Pawtucket struck to protest reduced pay rates and longer hours (which were a result of employers' cutting back the amount of time allowed for meals).
  • In 1827, The Mechanics' Union of Trade Associations formed as a proxy of the united crafts in Philadelphia, with the primary goal of reducing the 12-hour work day.
  • In 1837, dozens of industries achieved a victory when the City of Philadelphia passed legislation prohibiting businesses from employing workers for more than 10 hours a day.
  • Unfortunately, soon after the 10-hour workday legislation, the nation experienced the Panic of 1837, and the subsequent rise in unemployment crippled the Mechanics' Union.
  • In his 1829 treatise, "The Rights of Man to Property," Skidmore called for the abolition of inheritance and the redistribution of property.

• The Panic of 1857

  • The Panic of 1857 was a financial crisis in the United States caused by the overexpansion of the domestic economy.
  • The Panic of 1857 was a financial crisis in the United States caused by an overexpansion of the domestic economy following an international panic over currency valuation in Britain.
  • The failure of Ohio Life brought attention to the financial state of the railroad industry and land markets and brought the financial panic to the forefront of public issues.
  • Bank run on the Seamen's Savings' Bank during the panic of 1857.
  • Examine how the panic of 1857 impacted the economy and increased sectional tension.