Before The Panic of 1837
Before The Panic of 1837, there was an economic balance where trade and economic stability lived.
This is a picture of the Second National Bank.Before The
Panic of 1837, this was the official national bank of the
United States of America.
Panic of 1837, this was the official national bank of the
United States of America.
Before The Panic of 1837, banks had a low
percentage of failure, and foreclosure percentages
were also low.
percentage of failure, and foreclosure percentages
were also low.
The Trade Relationships of The United States of America:
-Mexico supplied a large amount of silver to America
-America paid debts in silver to China
-America traded cotton to England
-Mexico supplied a large amount of silver to America
-America paid debts in silver to China
-America traded cotton to England
Silver and cotton were the two most traded products in the time directly before The Panic of 1837.