One of the steps that led to the Panic of 1837 was
One of the steps that led to the Panic of 1837 was
The end of the British mercantilist system that was popular in the South.
Andrew Jackson ordering the withdrawal of federal government funds from the Bank of the United States.
The controversial election in which the candidate with the most electoral votes did not become president.
The discovery of gold in the Sierra Nevada Mountain Range in California.
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The correct answer is Andrew Jackson ordering the withdrawal of federal government funds from the Bank of the United States. This act led to a decrease in the availability of credit and the collapse of many state banks, contributing to the financial crisis of 1837.
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