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How Did Martin Van Buren Cause The Panic Of 1837

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The president of the United States in 1837 was Martin Van Buren (1782-1862) and his term ended in 1841. President Martin Van Buren was Andrew Jackson’s vice president before he became president during 1833-1837. With that being said, it caused President Jackson to select Buren as the next president of the United States. Buren was the eighth president and during that time the panic of 1837 was taking place. There was an overpopulation on land that was no good. The Wild Cats banks reacted to the crimping of the central banks that president Jackson planted for America. The only reason the wild cats’ banks did that was because the wild cat was on the currency during that time. President Martin Van Buren caused these events. In that case, he was known as Martin Van Ruin because he let the government tank and office. Even though that was the case he kept living a nice and wealthy lifestyle. That caused the citizens of America to start a resistance. That initially caused Martin Van Buren to lose the 1840 election. …show more content…

President Harrison was a war hero known for his successes against the Indians and the British during the battles of Tippecanoe in 1811 and the battle of Thames in 1813. Harrison was a part of the Whig party, therefore, he did not believe in Jackson’s idea of central government so he convinced the people to change their minds. He was elected the president on March 4, 1841, and died a month later April 4, 1841. Harrison died at the age of sixty-seven and was about to turn sixty-eight, his health and age were the main cause of his death. Overall, he was the first president to die in office. This had never happened before and it was “Tippecanoe and Tyler

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One of the main reasons he became president is because Jackson led him up to that point. During Van Buren’s presidency the Panic of 1837 occurred. A few months after he became president, the stock market crashed and his presidency began to fail drastically. The economy stopped when the banks around America started to fail and people lost their jobs when businesses started to fail. The economical failure sparked from Andrew Jackson’s presidency and from there is was hard to escape.

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