---
title: "How did Andrew Jackson's \"pet banks\" contributed to the Panic of 1837?"  
description: "How did Andrew Jackson's \"pet banks\" contributed to the Panic of 1837?"  
author: "martina johnson"  
published: 2018-04-04  
canonical: https://answers.mindstick.com/qa/40727/how-did-andrew-jackson-s-pet-banks-contributed-to-the-panic-of-1837  
category: "history, politics & society"  
tags: ["usa history"]  
reading_time: 1 minute  

---

# How did Andrew Jackson's "pet banks" contributed to the Panic of 1837?

How did [Andrew Jackson](https://answers.mindstick.com/qa/43047/why-was-andrew-jackson-called-the-people-s-president)'s "[pet](https://www.mindstick.com/articles/44096/best-decision) banks" contributed to the [Panic](https://answers.mindstick.com/qa/41682/how-did-president-van-buren-respond-to-the-panic-of-1837-and-the-resulting-economic-depression) of 1837?\
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Original Source: https://answers.mindstick.com/qa/40727/how-did-andrew-jackson-s-pet-banks-contributed-to-the-panic-of-1837

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