Question

What was the Panic of 1837? Who was president?

Answer 1

The Panic of 1837 was an economic depression that was surrounded by unemployment, low profits, and low wages. The Panic technically began while Andrew Jackson was in office, but it became a huge financial crisis when Martin Van Buren became president.

Explanation:

Caused by the economic policies of Andrew Jackson, the Panic became the reason for bank, business, and even farming failures. Many went bankrupt. It was the worst depression the country had seen up to that point.

Left in the hands of Martin Van Buren, the eight president of the United States, the issue resolved somewhat and the economy eventually rebounded.