Panic of 1837

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What Wikipedia says

The Panic of 1837 was a financial crisis in the United States that began a major depression which lasted until the mid-1840s. Profits, prices, and wages dropped, westward expansion was stalled, unemployment rose, and pessimism abounded.

Excerpt from the Wikipedia article “Panic of 1837”, under the CC BY-SA 4.0 license. Read the article on Wikipedia

Image: Auteur inconnu, Public domain, via Wikimedia Commons.