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The Panic of 1837 was a financial crisis in the United States that touched off a major recession that lasted until the mid-1840s. Profits, prices, and wages went down while unemployment went up. Pessimism abounded during the time. Therefore, National and State Bank policies in the 1830's contributed to the Panic of 1837.
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The Panic of 1837 was a financial crisis in the United States that touched off a major recession that lasted until the mid-1840s. Profits, prices, and wages went down while unemployment went up. Pessimism abounded during the time. Therefore, National and State Bank policies in the 1830's contributed to the Panic of 1837.
I hope my answer has come to your help. Thank you for posting your question here in Brainly.