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Question
andrew jackson and the national bank
use the image below to help you answer the question on the right.
the national bank
when andrew jackson was running for re-
election in 1836, one issue he ran on was
the elimination of the national bank,
which oversaw americas money system.
he wanted to remove the national bank
because american settlers were having
trouble getting loans for equipment they
needed to settle the west.
jackson had a more \laissez-faire\ policy
choose the correct answer.
what was the panic of 1837?
a farmers revolution in new england
a declaration of war between the united states and spain
an economic downturn following the closure of the national bank
The Panic of 1837 was an economic crisis. Andrew Jackson's actions related to the National Bank (like its closure) were factors contributing to economic instability. The first option about a farmer's revolution is incorrect as it's not related to the Panic. The second option about a war declaration is also wrong. The third option correctly links it to an economic downturn following the National Bank's closure.
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an economic downturn following the closure of the National Bank