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Collection Reference Number GLC01736
From Archive Folder Documents Relating to 1834 
Title Andrew Jackson to Moses Dawson concerning the economic panic of 1834
Date 4 March 1834
Author Jackson, Andrew (1767-1845)  
Recipient Dawson, Moses  
Document Type Correspondence
Content Description Writes as President concerning the subsiding economic panic of 1834 caused by the calling in of loans by the second Bank of the United States. Informs that the panic will leave the country in a better condition "... by giving us, in time, a metalic currency to meet the wants of the labouring class of the community by putting down the circulation of notes under five dollars ... " Jackson made a decision to prohibit all bank notes worth less than five dollars. Ends by stating, "The tyrant [the Second Bank of the United States] is chained & must expire at the end of its charter." Marked "private & for your own eye."
Subjects President  Bank of the US  Banking  Finance  Economics  Coins and Currency  Government and Civics  
People Jackson, Andrew (1767-1845)  Dawson, Moses (1768-1844)  
Place written Washington, D.C.
Theme Government & Politics; The Presidency; Banking & Economics
Sub-collection The Gilder Lehrman Collection, 1493-1859
Additional Information Dawson was editor of the Cincinnati Advertiser.
Copyright The Gilder Lehrman Institute of American History
Module Settlement, Commerce, Revolution and Reform: 1493-1859
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