Why was the Panic of 1837 significant for President Van Buren?
A) Van Buren had to respond but was hampered by his own party’s laissez-faire policies, dooming his reelection.
B) The Whigs blamed Van Buren for the crisis, further strengthening their popular appeal.
C) The Democrats blamed Van Buren for the crisis, further strengthening their popular appeal.
D) Van Buren responded contrary to his political party’s laissez-faire policies, forcing the economy into enough of a rebound to win him a second term.
E) His predecessor, Jackson, had caused the crisis, so Van Buren was taxed with fixing it without insinuating the popular president from his own political party.
Answer: A
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