Martin Van Buren Cartoon, 1837

 

Winston, F. J. “Capitol Fashions for 1837,” 1837, via Library of Congress

Winston, F. J. “Capitol Fashions for 1837,” 1837, via Library of Congress

This caricature of President Martin Van Buren cloaked in worthless bank notes was created during the Panic of 1837. The artist mocks Van Buren and the policies of his predecessor, Andrew Jackson. The cartoon includes mentions to Jackson’s “Specie Circular,” an order that government officials only accept gold or silver as payment for land and Van Buren’s “Safety Fund,” a program designed to offset the damage of bank failures.  A document labeled “Indian claims” also refers to Jackson’s policy of Indian Removal. These and other subtle details reveal the anxieties of economic collapse and the policy differences between Democrats and Whigs.