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Panic of 1837
Updated: 3/13/2020
Panic of 1837
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Storyboard Text

  • Jackson Vetoes The Bank Bill
  • I JUST VETOED THE BANK!
  • Securing The Win
  • WE ARE UNITED AS ONE!
  • War Begins
  • Jackson vetoed the second bank because it was favored and wealthy but went against the 'common man'.
  • Panic Of 1837
  • Jackson went to war against the wealthy bank and got a lot of attention from the common folk which secured the reelection in 1832.
  • Silver And Gold
  • As another attack on the National Bank, Jackson stopped depositing funds (money) into federalbanks altogether.
  • Small Depression
  • BANK
  • Jackson's stance against the bank was solidified, however, his pet banks allowed wild inflationand speculation to take place.
  • In response to the overwhelming inflation and speculation crisis, Jackson issued an executiveorder forbidding the purchase of lands except through gold and silver.
  • The banks, however, did not have enough gold and silver to supply the increasing demand. Theeconomy was further depressed.
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