The Panic of 1837 Began with

The Panic of 1837 began with

A) a change in the policies of the Bank of England regarding loans, which led to a decline in the demand for U.S. cotton.
B) a surplus of American wheat due to the gradual reliance on European trade throughout the Van Buren administration.
C) the tariff of 1835, which had lowered duties to dangerous levels and resulted in a rise in American spending.
D) a depression in France that negatively impacted the market across the Atlantic and increased reliance on the Specie Circular.
E) a lack of American infrastructure projects, which in turn caused a surge in unemployment across the United States.