Question

What triggered the Panic of 1837? a. The removal of Native Americans from the Southeast. b. Jackson’s war on the national bank. c. The protective tariff. d. The Seminole War. e. Martin Van Buren’s victory in the election of 1836.

Answer 1

B. Jackson's war on the national bank.

Step-by-step explanation:

Bank war, destruction of the Second National Bank and changes in the banking system initiated by the Andrew Jackson by issuing the Specie circular that dried the credit, all these were the reasons for Panic of 1837.

The panic of 1837 was one of the major events during the presidency of Andrew Jackson. During the panic unemployment rose across the country and businesses failed, bankruptcy was also widespread . It was one of the most severe depression experienced by the United States and was resolved by securing people's money in the banks.