John Fiske,
The Presidents of the United States…
(1914)
“ Meanwhile the financial crisis of 1837 — the most severe, in many respects, that has ever been known in this country — had wrecked the administration of President Van Buren. The causes of that crisis, indeed, lay deeper than any acts of any administration. The primary cause was the sudden development of wild speculation in western lands, consequent upon the rapid building of railroads, which would probably have brought about a general prostration of credit, even if President Jackson had never made war upon the United States bank. ”
