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28 October, 13:47

What was a immediate cause of the panic of 1837

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  1. 28 October, 14:40
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    President Andrew Jackson, in effect, caused the Panic of 1837 by ending the bank of the United States while also issuing an executive order, known as Specie Circular, that required government land to be purchased with gold or silver.

    Jackson's actions dried up credit in the US causing the panic.
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