Did the Bank War cause the Panic of 1837? Richard Hofstadter from The American Political Tradition and the Men
Who Made It believes President Andrew Jackson's refusal to recharter the Bank of the United States was politically popular but economically harmful to the long-term growth of the United States. Peter Tenim, from The Jacksonian
Economy, believes international factors, such as changes in the monetary policies of the Bank of England, the supply of silver from Mexico, and the price of southern cotton, were far more important than Jackson's banking policies in determining fluctuations in the 1830s economy. The two intelligent men present their facts and arguments well and make it hard for the reader to mold their opinion for either side.
Who Made It believes President Andrew Jackson's refusal to recharter the Bank of the United States was politically popular but economically harmful to the long-term growth of the United States. Peter Tenim, from The Jacksonian
Economy, believes international factors, such as changes in the monetary policies of the Bank of England, the supply of silver from Mexico, and the price of southern cotton, were far more important than Jackson's banking policies in determining fluctuations in the 1830s economy. The two intelligent men present their facts and arguments well and make it hard for the reader to mold their opinion for either side.