Whig politicians used the economic distress of the Panic of 1837 to argue for which policy?
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Correct answer: Reviving the National Bank and internal improvements
The Whig Party argued that the panic was caused by Jackson's destruction of the Second Bank and his 'executive tyranny.' They campaigned for the 'American System,' which included a national bank to stabilize the currency and provide credit.
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More Panic of 1837 questions
- Which statement best describes the impact of the Panic of 1837 on state governments?
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