can someone please help me
1. President Van buren is best remembered for
a. causing a panic
b. establishing the independent treasury system
I think it is A but didn’t he not cause a panic
http://en.wikipedia.org/wiki/Martin_Van_Buren
i have already been there but i can't decide between a or b
Really? We must be reading the article differently.
yeah because didn't jackson cause the panic not van buren. Wouldn't that make the answer B
Are you answer mooching? Read the article I posted.
no i just honestly can't decide but I guess it is B because the article says he was blamed for the panic
I can help you with that! To determine the correct answer, let's go through the process of eliminating options and gathering more information.
1. President Van Buren is best remembered for:
a. Causing a panic
b. Establishing the independent treasury system
First, let's address your concern about option A. While President Van Buren's presidency was indeed marked by an economic crisis known as the Panic of 1837, it would be inaccurate to say that he caused the panic. The Panic of 1837 was a result of a combination of domestic and international economic factors, such as the post-war depression in England and speculative practices in the United States.
Now, let's gather more information about option B. The independent treasury system, also known as the Sub-Treasury System, was a financial arrangement established by President Van Buren in 1840. Under this system, the federal government would hold its funds in independent treasury locations across the country, rather than relying on private banks. The goal was to stabilize the economy and protect government funds from economic fluctuations.
To make an informed decision, it's important to consider the lasting impact and historical significance of each option. While the Panic of 1837 was a significant event during Van Buren's presidency, the independent treasury system had a broader and long-lasting impact on the country's financial system.
Based on this information, it is likely that the correct answer is b. establishing the independent treasury system.