In an effort to stop the panic of 1837,President Van Buren and the majority of Democrats in Congress passed the

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The Independent Treasury Act was passed in 1840 and established a system where the federal government could hold onto its own funds instead of depositing them in state banks. This was an attempt to stabilize the economy and prevent future financial crises. The Specie Circular (A) and Distribution Act (C) were both passed earlier in 1836 and may have contributed to the panic rather than alleviated it. The Indian Removal Act (D) was passed several years prior in 1830 and was not related to the economic panic. The Whig Coalition (E) was not a specific law or measure passed during this time period.

In an Effort to Stop the Panic of 1837,President Van