How did the panic of 1837 occur?

The Panic of 1837 was a financial crisis, or market correction, driven by speculative fever. Inflation became rampant after federal deposits to the Second Bank of the United States were withdrawn, based on the assumption that the government was selling land for state bank notes of questionable value.

Explanation:

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It was a crisis

Explanation:

The panic was a financial crisis, or market correction, driven by speculative fever.

workers of lowell mills were greatly benefited for the waltham type of work which was more a paternalist kind, trying to protect the integrity of this little girls coming from small farmers and providing an adequate place of work, this in an effort to avoid the issues of bad place conditions and immorality that the people in bigger industrialized cities of great britain were experimenting.