Categorias: Todos - crisis - banks - unemployment - policies

por JOsh SHeahan 10 anos atrás

139

Panic of 1837

The Panic of 1837 was a major financial crisis in the United States that led to widespread economic hardship. Triggered by a sharp increase in the prices of cotton, land, and slaves, it was exacerbated when New York banks raised interest rates and reduced lending.

Panic of 1837