Which of the following led to the panic of 1837?

a. National depression

c. Women voting

b. Political unrest

d. Child labor issues

The answer is A) National depression.

The Panic was built on a speculative fever. The bubble burst on May 10, 1837 in New York City, when every bank stopped payment in specie (gold and silver coinage). The Panic was followed by a five-year depression, with the failure of banks and record high unemployment levels.