JACKSONIAN DEMOCRACY 1825 1850
MARTIN VAN BUREN
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Recession of 1837
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The Great Depression
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Panic of 1837
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The Era of Good Feelings
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Detailed explanation-1: -The Panic of 1837 was a financial crisis in the United States that touched off a major depression, which lasted until the mid-1840s. Profits, prices, and wages went down, westward expansion was stalled, unemployment went up, and pessimism abounded.
Detailed explanation-2: -The Panic of 1873 triggered the first ‘Great Depression’ in the United States and abroad. Lasting from September 1873 until 1878/9, the economic downturn then became known as the Long Depression after the stock market crash of 1929. Currency in the nineteenth century was based on specie.
Detailed explanation-3: -Historians have traditionally attributed the Panic of 1837 to a real estate bubble and erratic American banking policy. Most speculation concerned western land opened to settlement after Indian removals, but northeastern forests were among the most overvalued holdings.
Detailed explanation-4: -The Panic of 1837 was a major recession in the US economy that began in the spring of 1837 and lasted until the mid-1840s.