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The Panic of 1837 was partly caused by Jackson's order that the government's money remain i
the Bank of the United States.
A. True
B. False
The Panic of 1837 was actually caused by Andrew Jackson's order to remove money from the Bank of the United States and distribute the money to less well-managed state banks. Jackson did this because he felt that the bank was much too centralized and consolidated too much power in the hands of the federal government.
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