Question

Does it appear that the President at the time was responsible for the Panic of 1837?
*
Yes
No

Answer 1

It is generally believed that the Panic of 1837 was caused by a combination of factors including over speculation in land and railroads, the policies of the Second Bank of the United States, and global economic events. While President Martin Van Buren was in office at the time that the panic occurred, he is not solely responsible for its causes.