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Which of the following was a direct cause of the Panic of 1837>?
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Asked 1/4/2013 7:35:02 PM
Updated 7/27/2018 12:25:15 PM
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User: Which of the following was a direct cause of the Panic of 1837>?

Weegy: You did not provide any options to choose from. But, Some causes include the economic policies of President Andrew Jackson who created the Specie Circular by executive order and also refused to renew the charter of Second Bank of the United States, [ resulting in the withdrawal of government funds from that bank. Martin Van Buren, who became president in March 1837, and later helped the panic come to an end with his system of bonds. five weeks before the Panic engulfed the young republic's economy, was blamed for the Panic. His refusal to involve the government in the economy was said by his opponents to have contributed to the damage and duration of the Panic. Jacksonian Democrats blamed the banks' irresponsibility, both in funding rampant speculation and in introducing paper money inflation. This was caused by banks' issuing excessive paper money (unbacked by bullion reserves), leading to inflation. ]
leo4797|Points 10|

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Asked 1/4/2013 7:35:02 PM
Updated 7/27/2018 12:25:15 PM
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Flagged by emdjay23 [7/27/2018 12:25:15 PM]
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The following was a direct cause of the Panic of 1837: The federal government stopped accepting paper money for the purchase of land.
Added 7/27/2018 12:25:14 PM
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The Whiskey Rebellion
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The Whiskey Rebellion, also known as the Whiskey Insurrection, was a tax protest in the United States beginning in 1791, during the presidency of George Washington.

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