Question

Why did Jackson’s decision to close the bank lead to the Panic of 1837? How did the panic cause a depression?

Answer 1

The United States had no central Bank that the government could use to control the economy.

Step-by-step explanation:

correct answer

Answer 2

The panic of 1837 was influenced by the economic policies of President Jackson. Andrew Jackson withdrawal of federal government funds from the Bank of the US, one of the strips that ultimately led to the Panic of 1837