Some things that happen during a financial crisis are
1. Banks incur huge losses. Their earnings came down.
2. The housing prices plummet
3. The liquidity in the financial system comes down
4. High unemployment
5. High inflation
etc.
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A financial crisis is when wall street and the banks are failing. An economic crisis is when there is high unemployment or a recession.
WRONG! It's not financing it's savings I got a 100 on my quiz. (Your welcome!)
There were a number of causes to the financial crisis known as "The Panic of 1837", including the economic policies of President Jackson and most of the banks of the area, ceasing payment in silver and gold.
D) the Free Silver movementv
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