Nobody downloaded yet

The Major Cause (s) of the Panic of 1837 - Essay Example

Comments (0) Cite this document
Wages, prices, and prices went down as unemployment went up. During this time, people lacked hope. This panic had both foreign and domestic…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.7% of users find it useful
The Major Cause (s) of the Panic of 1837
Read TextPreview

Extract of sample
"The Major Cause (s) of the Panic of 1837"

Download file to see previous pages There was a short recovery in 1838 but the recession continued for around seven years. Businesses failed, banks collapsed, prices went down, and many people lost their jobs (Benson, et al. 73).
The crisis was brought by the duration of economic expansion which was around 1834 to 1836. The prices of cotton, land, and slaves went up in these years. This boom had a lot of causes, domestically and internationally. Due to the strange factors of international trade at this period, a lot of silver came into the United States from China and Mexico. Tariffs on imports and land sales were producing considerable federal revenues. Through profitable cotton exports and state-backed bonds marketing in British money markets, US got substantial capital investment from Britain. These bonds facilitated transportation projects in US. The British loans were accessible through Anglo-American banking houses, helped in the United States ‘expansion westward, industrial expansion, infrastructure development, and economic development (Tindall,et al.67).
1n 1836, it was discovered that monetary reserves in England banks had reduced sharply recently possibly due to insufficient wheat harvests which compelled them import a lot of its food. Consequently, they decided to gradually increase interest rates to 5 from 3 percent. This was done so as to attract specie given the fact that money always goes to where it generates greatest returns. The 1830s open economy, was characterized by free trade and trade barriers that were weak, hegemonic power monetary policies (Great Britain), were transmitted to the global economic system, including U.S. Major Banks in America were forced to increase interest rates as a result of Bank of England doing the same(Skrabec, Quentin R. 193).
Interest rates were raised by New York banks and lending was scaled back, the effects were harmful. Given the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“The Major Cause (s) of the Panic of 1837 Essay Example | Topics and Well Written Essays - 750 words”, n.d.)
Retrieved from
(The Major Cause (s) of the Panic of 1837 Essay Example | Topics and Well Written Essays - 750 Words)
“The Major Cause (s) of the Panic of 1837 Essay Example | Topics and Well Written Essays - 750 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Panic disorder with Agorophobia
...disorders and agoraphobia are discrete medical conditions and they sometimes occur separately in patients. When agoraphobia occurs separately without panic disorder, the patient demonstrates almost all symptoms of panic disorder, but the fear is localized on the occurrence of debilitating, exceptionally embarrassing, horrific symptoms or occurrence of constricted symptoms instead of complete panic attack (Hoffman and Smits, 107). Some of the embarrassing symptoms include loss of bladder control. Particular stressors have been indentified as the precursors that lead to the progress and development of majority cases of panic attacks with agoraphobia....
8 Pages(2000 words)Essay
Panic Disorder
...more exploration. This is to enable medical practitioners and more especially psychologists to be able to offer efficient and more effective management of patients with panic disorder from the African American population. This study group was selected by the study owing to the increased significance and contribution of the African American in to the social, economic and political dimensions of the American society. This research paper reviews the previous studies on the panic disorder among the African American population as compared to the white Americans who are affected by the same condition. The research is on the causes, evaluation, diagnosis and the treatment of...
6 Pages(1500 words)Research Paper
Panic of 1837 History Essay
...Panic of 1837 Wars have played an integral part in the history of the United s. Immediately after the United States’ independence war, the country witnessed a series of recessions. These are dislocations that have established the state’s tremendous economic devastations. Following the panic of 1785, a further slump ensued, and another followed. In 1837, the young state endured its most solemn depression yet. This paper shall discuss the 1837 panic in detail. It will provide information on when the panic started, what happened during the period, on the effects it had, the reasons that...
5 Pages(1250 words)Essay
Panic Disorder Agoraphobia
...? Panic Disorder – Agoraphobia Panic Disorder – Agoraphobia Characteristics According to the Greek dictionary, the word Agoraphobia denotes the fear experienced by an individual due to market place. People experiencing this disorder are those who suspect that they will experience a panic attack in a particular location or scenario and they will not be able to escape that particular situation or scenario. The disorder is developed by an individual after he/she has already experienced more than one panic attacks. These attacks are sudden and can take place at any moment and the individual experiencing this attack fails to identify the situations and the scenarios that lead...
3 Pages(750 words)Essay
The cause(s) of the Civil War
...Causes of the American Civil War The American civil war was a battle that was fought amongst the s of America which took place from 1861 to 1865 and resulted to 618000 people being killed.1 The main causes that led to the civil war can be attributed to the tensions that arose as the nation was being formed, which slowly built up to result into a devastating war. One of the major causes of the civil war was the economic and social differences between the states in the north and those in the south, with the states developing along different paths. The states to the north became more and more industrialized especially after the discovery of the cotton gin...
4 Pages(1000 words)Research Paper
Panic Disorder
...start avoiding places and situations where they fear such panic attacks may take place. They may also avoid places where they feel helpless or spots where they anticipate finding no help in case of an attack. For example, a child may not want to go to school or public places or s/he may not want to be separated from the parents. The avoidance of places and/or situations is termed as “agoraphobia”, and it is a common accompanying characteristic of the disorder in children (Forrest n.pag.). A number of children with this disorder may become depressed and develop suicidal ideation. SYMPTOMS OF PANIC DISORDER AMONG CHILDREN The Fourth Edition of the “Diagnostic and Statistical Manual of...
3 Pages(750 words)Essay
The Biochemistry of Panic
...? The Biochemistry of Panic: An Analysis Are Panic Attacks Biological or Mental? Introduction There are two major theories of the cause of panic attacks: biological and psychological. Many support the view that biological and psychological aspects are to be held responsible, but assumptions differ on the degree of influence of each factor. There is still no adequate and comprehensive and complete explanation of panic attack. However, this essay aims to answer the question, are panic attacks biological or mental? Nevertheless, this essay aims to demonstrate that panic attacks are caused...
7 Pages(1750 words)Essay
Panic Disorder - Psychology
...of the panic disorder, but the likelihood of the much serious different explanation of their symptoms; specifically, that at this point it may not be the ordinary panic, but a swiftly grave process or a severe disruption of behavioral or mental functioning (Hurley, 2007). Besides the fixation on inner consciousness, the idea of approaching disaster absorbs the core of the patient’s thoughts and is usually so realistic that the patient believes that s/he is certainly going mad, losing control, or dying (Root, 2000). Related with the fixation of attention is incapability, once the panic disorder has reached its apex, of applying logic and reasoning or drawing on...
12 Pages(3000 words)Essay
The 1893 Financial Panic
...The 1893 Financial Panic America went through a number of financial depressions in the 19th century that had a great impact on the economy of the country. The two major financial depressions include the one in 1873 that was as a result the over investment in the building of railroads and the ailing banking sector that did not give the expected returns to compensate for the heavy investment done on it. The other one was marked in 1893 with similar causes from the recovering economy. This paper will address the 1893 financial panic, its causes and the impacts it had on the economy of the country at that time. Causes The financial crisis...
3 Pages(750 words)Essay
Moral Panic
.... In the United Kingdom, there was moral panic created by the media that the Harry Potter books as well as movies promoted witchcraft in society (Kenneth, 2006). Additionally, in the United States of America (USA), there was moral panic that Heavy metal music promoted Satanism, drug addiction and sexual violence, and was also promoted by the media. Sometime back in the United Kingdom, there was moral panic caused by the media; it was referred to as “video nasties” (Holmes, 2012), it is immediately after that, a series of movies were banned for reasons of promoting immorality. The Pokémon game also in the United States of America received its fair share of moral...
5 Pages(1250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic The Major Cause (s) of the Panic of 1837 for FREE!
logo footer
Contact us:
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us