Panic of 1837: Causes & Summary


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It is widely held that depression in this country sparked the 1837 panic in America.

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1. Which President's banking policy may have led to the Panic of 1837?

2. A drop in the price of which crop fueled Panic in 1837?

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About This Quiz & Worksheet

This quiz and worksheet set help you gauge your knowledge of the events leading up to the Panic of 1837, the economic effect of the Panic, and the political consequences of it. To successfully pass the quiz, you should be familiar with topics like the crop and the country that helped spark the depression.

Quiz & Worksheet Goals

Utilize these tools to assess your understanding of:

  • Congress's passage of a federal bankruptcy law
  • President Martin Van Buren's beliefs on federal involvement in the financial crisis
  • Primary political consequence of the Panic of 1837

Skills Practiced

You will practice these skills when you work through the quiz and worksheet:

  • Reading comprehension - ensure that you draw the most important information about the crop and the foreign country that helped spark the Panic of 1837 from the related lesson
  • Information recall - access the knowledge you gained regarding President Martin Van Buren's beliefs about the role of the U.S. government during an economic depression
  • Knowledge application - use your knowledge to answer questions about Congress passing a federal bankruptcy law

Additional Learning

To learn more, check out the related lesson titled Panic of 1837: Causes & Summary. That lesson covers these objectives:

  • Understand how a foreign economy helped spark the Panic of 1837
  • Identify the role President Andrew Jackson may have played in causing the depression
  • Explore the ways the economic depression impacted American workers
  • Discover the political consequences of the Panic of 1837 for President Martin Van Buren