pickerell+chp+7



Panic Of 1837- The panic of 1937 was a financial crisis just as the recession was ending. the U.S had to many American dollar bills floating around, so John c Calhoun had the idea to make less bills. He also stated that you must buy properties with gold and silver, you were not aloud to use cash, causing there to be fewer bills on the streets, meaning the value of the u.s dollar is worth more. the only problem with squezzing the money is people started to go crazy based on the fact that they didn't have many dollar bills.

"american political prints." HarpWeek. HarpWeek, n.d. Web. 4 Sept. 2015. .