scott
27 October 2021
The early part of the decade saw an inflationary boom, which led to The Panic of 1837. The crisisoccurred when every bank stopped payment in specie (gold and silver coinage). The West was badly hit by the panic, and would not recover for four or five years. The Clemens family would struggle financially for years, in part due to this panic.
Entry Date
May 10, 1837 - Wed