Question

What did Van Buren do to help ease the economic hardships caused by the Panic of 1837? A) He created hundreds of government jobs and offered them unemployed factory workers. B) He initiated what is known today as the welfare system. C) He felt that the government should not interfere with business, so he did nothing. D) He rechartered the Bank of the United States.

Answer 1

D. He rechartered the Bank of the United States.

Step-by-step explanation:

Martin Van Buren was better at acquiring presidential power than using it for himself. Van Buren was elected president in 1836, but he saw financial problems beginning even before he entered the White House. He inherited Andrew Jackson's financial policies, which contributed to what came to be known as the Panic of 1837. It turned out to be the worst economic depression that the young nation had yet known. Do you know what led to the Panic of 1837?