Panic of 1837
The Panic of 1837 was a panic in the United States built on a speculative fever. The bubble burst on May 10, 1837 in New York City, when every bank stopped payment in specie (gold and silver coinage). The Panic was followed by a five-year depression, with the failure of banks and record high unemployment levels.
- Date
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Start: 1837
End: - Location
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-73.8061523438
40.5305017757 - Source
- http://en.wikipedia.org/wiki/Panic_of_1837
- License
- GFDL
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