Which of the following was a political consequence of the Panic of 1837?
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Correct answer: The election victory of Whig candidate William Henry Harrison in 1840
The Whigs successfully blamed the Democratic Party for the economic misery. Using the 'Log Cabin and Hard Cider' campaign, they portrayed Van Buren as an out-of-touch aristocrat and won the presidency behind William Henry Harrison.
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More Panic of 1837 questions
- The Locofocos were a faction within the Democratic Party during this era who were known for their:
- Which document is most associated with the start of the financial crisis in May 1837?
- The 'American System' advocated by Henry Clay was designed to prevent crises like the Panic of 1837 by:
- During the mid-1830s, the price of which commodity skyrocketed and then crashed, contributing to the panic?
- What happened to the Independent Treasury Act after the Whigs took power in 1841?
- The Specie Circular, issued by the Jackson administration in 1836, required that public lands be purchased using which of the following?