The order tightened credit and reduced demand for banknotes, worsening monetary conditions and helping precipitate the financial dislocation that contributed to the Panic of 1837.
References / Sources
No source references have been added for this event yet.
Related Timeline Entries
August 10, 2026
•
Donald Trump
Economy
Trump's tariffs contribute to rising budget deficit
Trump's tariffs have led to a significant increase in the budget deficit for 2026.
August 7, 2026
•
Donald Trump
Economy
Trump administration refunds $100 billion in tariffs
The Trump administration announced the refund of $100 billion in tariffs following a Supreme Court ruling.
August 6, 2026
•
Donald Trump
Economy
Trump discusses tariffs on polysilicon imports
President Trump announced new tariffs on polysilicon imports, affecting solar panel manufacturing.
August 6, 2026
•
Donald Trump
Economy
Trump administration refunds $100 billion in tariffs struck down by Supreme Court
The Trump administration has refunded $100 billion in tariffs that were previously struck down by the Supreme Court.