Panic of 1837 - Alchetron, The Free Social Encyclopedia
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Panic of 1837 - Alchetron, The Free Social Encyclopedia
The Panic of 1837 was a financial crisis in the United States that touched off a major recession that lasted until the mid1840s. Profits, prices, and wages went down while unemployment went up. Pessimism abounded during the time. The panic had both domestic and foreign origins. Speculative lending
Feb 13, 2014
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