Panic of 1837

Jackson vetoes the renewal of the second B.U.S.

Jul 10, 1832

http://www.civil-liberties.com/cases/bankveto.html

Jackson orders the pulling of government funds from the Second B.U.S to be deposited in state "Pet Banks"

Sep 1, 1833

http://www.pinzler.com/ushistory/timeline4.html

Jackson censured by the Senate for putting federal funds in state banks.

Mar 28, 1834

http://www.history.com/videos/jackson-censured-in-bank-war

Biddle demanded that old loans be repaid and no new loans

Sep 7, 1834

http://en.wikipedia.org/wiki/Second_Bank_of_the_United_States

Specie Circular- Must use gold/silver to buy land.

Jul 11, 1836

http://www.britannica.com/EBchecked/topic/558645/Specie-Circular

State banks begin to accept payment only in specie

Aug 15, 1836

http://www.publicbookshelf.com/public_html/The_Great_Republic_By_the_Master_Historians_Vol_III/thepanic_ce.html

Martin Van Buren takes office

Mar 4, 1837

http://www.whitehouse.gov/about/presidents/martinvanburen

Banks run out of gold/silver and the government can not get any money

May 10, 1837

http://www.ohiohistorycentral.org/entry.php?rec=1431

2nd Bank of the United States officially closes and goes out of business.

Feb 4, 1841

http://www.cr.nps.gov/history/online_books/butowsky2/constitution7.htm

William H. Harrison and the Whig party take control

Mar 4, 1841

http://www.whitehouse.gov/about/presidents/williamhenryharrison