Martin van buren eigth president of the united states of america

Panic of 1837

By BlakeG2

  • Jackson vetoes the renewal of the 2nd B.U.S.

  • Jackson orders the pulling of government funds from the 2nd B.U.S. to be deposited in state "pet banks"

  • NIcholas Biddle demanded that old loans be repaid and no new loans

  • Jackson censured by the Senate for putting federal funds in state banks

  • Must use gold and silver to buy land

  • State banks begin to accept payment only in specie

  • Martin Van Buren takes office

  • Banks run out of gold and silver and the govrnment can not get any money

  • 2nd bank of the United States officially closes and goes out of business(like New York)

  • William H. Harrison and the Whig party take control

Want to make a timeline like this?

Use Timetoast to turn dates, events, milestones, and phases into a clear visual timeline you can build and share. Timetoast is a timeline maker for work, school, research, and stories.

Create your own timeline