Martin Van Buren Became Convinced During the Panic of 1837

Martin Van Buren became convinced during the Panic of 1837 and its aftermath that an Independent Treasury Act was necessary to

A) stabilize the American banking system by taking federal deposits out of shaky "pet" state banks.
B) stop National Republicans and Whigs from uniting and overthrowing his administration.
C) give state banks more control over the nation's supply of gold and silver.
D) create manufacturing and banking jobs in the face of the worsening economic crises.
E) fund a massive unemployment insurance program to help millions of Americans suffering from the economic depression.

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