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  • 18-02-2021
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What lesson can we learn from the Panic of 1837?

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gianellev6886
gianellev6886 gianellev6886
  • 18-02-2021

Answer:

The Panic of 1837 was a financial crisis in the United States that touched off a major depression, which lasted until the mid-1840s. Profits, prices, and wages went down; unemployment went up; and pessimism abounded. The panic had both domestic and foreign origins.

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