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PostHeaderIcon What did Martin Van Buren do in the panic of 1837 to end it?

In 1837 there was an economic melt down, What i want to know is how did this panic come to an end. What were the events that led to the ending of the Panic? Please help.

His political opponants blamed Buren heavily for the crises. His refusal to involve the government in the economy was said by some to have contributed to the damages and duration of the Panic. Jacksonian Democrats blamed the banks’ irresponsibility, both in funding rampant speculation and by introducing paper money inflation. This was caused by banks issuing excessive paper money (unbacked by bullion reserves), leading to inflation.

Van Buren advocated did indeed act: He advocated lower tariffs and free trade, and by doing so maintained support of the South for the Democratic party. He succeeded in setting up a system of bonds for the national debt.

One Response to “What did Martin Van Buren do in the panic of 1837 to end it?”

  • Lilitu says:

    His political opponants blamed Buren heavily for the crises. His refusal to involve the government in the economy was said by some to have contributed to the damages and duration of the Panic. Jacksonian Democrats blamed the banks’ irresponsibility, both in funding rampant speculation and by introducing paper money inflation. This was caused by banks issuing excessive paper money (unbacked by bullion reserves), leading to inflation.

    Van Buren advocated did indeed act: He advocated lower tariffs and free trade, and by doing so maintained support of the South for the Democratic party. He succeeded in setting up a system of bonds for the national debt.
    References :

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