It aggravated the disasters of trade and the derangements of commercial intercourse, and administered new excitements and additional means to wild and reckless speculations, the disappointment of which threw the country into convulsions of panic, and all but produced violence and bloodshed.
He describes how the connection between government and banks exacerbated economic crises and led to societal panic.
Share
More from Martin Van Buren
I transmit, for the action of the Senate, a communication from the Secretary of War, on the subject of the transfer of Chickasaw stock to the Choctaw tribe, which the accompanying papers explain.
if it should be the pleasure of Congress that the preparatory exploration and survey of the northeastern boundary of the United States should be completed
I transmit herewith, for the consideration of the Senate with a view to its ratification, a treaty of commerce and navigation between the United States of America and His Majesty the King of the Belgians, signed at Washington on the 29th…
I communicate to the House of Representatives a report from the Secretary of State, with documents, containing the information requested by their resolution of the 26th of May last.
Other voices in this conversation
