JACKSONIAN DEMOCRACY 1825 1850
PRESIDENT ANDREW JACKSON
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The person who was MOST responsible for causing the Panic of 1837 was
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Andrew Jackson
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Henry Clay
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Martin Van Buren
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Nicholas Biddle
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Explanation:
Detailed explanation-1: -The lack of a central bank to regulate fiscal matters, which President Andrew Jackson had ensured by not extending the charter of the Second Bank of the United States, was also key. This ailing economy of early 1837 led investors to panic – a bank run ensued – giving the crisis its name.
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