1837 (MDCCCXXXVII) was a common year starting on Sunday of the Gregorian calendar and a common year starting on Friday of the Julian calendar, the 1837th year of the Common Era (CE) and Anno Domini (AD) designations, the 837th year of the 2nd millennium, the 37th year of the 19th century, and the 8th year of the 1830s decade.
- Effects and aftermath
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. Speculative lending practices in the West, a sharp decline in cotton prices, a collapsing land bubble, international specie flows, and restrictive lending policies in Britain were all factors. On May 10, 1837, banks in New York City s
The crisis followed a period of economic expansion from mid-1834 to mid-1836. The prices of land, cotton, and slaves rose sharply in those years. The boom's origin had many sources, both domestic and international. Because of the peculiar factors of international trade, abundant amounts of silver were coming into the United States from Mexico and China. Land sales and tariffs on imports were also generating substantial federal revenues. Through lucrative cotton exports and the marketing of state
Virtually the whole nation felt the effects of the panic. Connecticut, New Jersey, and Delaware reported the greatest stress in their mercantile districts. In 1837, Vermont's business and credit systems took a hard blow. Vermont had a period of alleviation in 1838 but was hit hard again in 1839–1840. New Hampshire did not feel the effects of the panic as much as its neighbors did. It had no permanent debt in 1838 and had little economic stress the following years. New Hampshire's greatest ...
Most economists agree that there was a brief recovery from 1838 to 1839, which ended when the Bank of England and Dutch creditors raised interest rates. The economic historian Peter Temin has argued that when corrected for deflation, the economy grew after 1838. According to the Austrian economist Murray Rothbard, between 1839 and 1843, real consumption increased by 21 percent and real gross national product increased by 16 percent, but real investment fell by 23 percent and the money supply shr
People also ask
What was the main cause of the Panic of 1837?
Who was to blame for the Panic of 1837?
What happened in the US in 1837?
What did the Panic of 1837 result in?
- Atlantic context
The Rebellions of 1837–1838, were two armed uprisings that took place in Lower and Upper Canada in 1837 and 1838. Both rebellions were motivated by frustrations with political reform. A key shared goal was responsible government, which was eventually achieved in the incidents' aftermath. The rebellions led directly to Lord Durham's Report on the Affairs of British North America and to the Act of Union 1840 which partially reformed the British provinces into a unitary system and eventually...
Some historians contend that the rebellions in 1837 ought to be viewed in the wider context of the late-18th- and early-19th-century Atlantic revolutions. The American Revolutionary War of 1775–83, the French Revolution of 1789–99, the Haitian Revolution of 1791–1804, the Irish Rebellion of 1798 and the rebellions in Spanish America were inspired by republican ideals, but whether the rebels would have gone so far as to usurp the Crown remains a subject for historical debate. Great ...
There were two types of rebellions in Upper and Lower Canada. Many of the rebels fled to the United States. Mackenzie established a short-lived "Republic of Canada" on Navy Island in the Niagara River, but withdrew from armed conflict soon thereafter. Charles Duncombe and Robert Nelson, in contrast, helped foment a largely American militia, the Hunters' Lodge/Frères chasseurs, which organized a convention in Cleveland in September 1838 to declare another Republic of Lower Canada. The ...
Those rebels who were arrested in Upper Canada following the 1837 uprisings were put on trial, and most were found guilty of insurrection against the Crown. One of the most severe punishments was the sentencing of 100 Canadian rebels and American sympathizers to life in Britain's Australian prison colonies. Many were publicly hanged, most notably Samuel Lount and Peter Matthews. The public hangings of the rebels took place in Court House Square, in between Toronto's new jail and courthouse. The
In 1937, exactly one century after the Rebellion, the names of William Mackenzie and Louis-Joseph Papineau were applied to the Mackenzie–Papineau Battalion or the Mac-Paps, a battalion of officially unrecognised Canadian volunteers who fought on the Republican side in Spain during the Spanish Civil War. In memory of their heritage, the group fought to the rallying cry "The Spirit of 1837 Lives on!"
1837 (MDCCCXXXVII) a fost un an obișnuit al calendarului gregorian, care a început într-o zi de duminică. Evenimente [ modificare | modificare sursă ] Începutul domniei reginei Victoria .
Long yia 1837 This page was last edited on 8 Mas 2013, at 14:29. Text is available under the Creative Commons Attribution-ShareAlike License; additional terms may ...