On This Day: Panic of 1837: New York City banks suspend the payment of specie, triggering a... (1837)

On May 10, 1837: Panic of 1837: New York City banks suspend the payment of specie, triggering a national banking crisis and an economic depression whose severity was not surpassed until the Great Depression.

This historical event can serve as a powerful sermon illustration about godly leadership and its impact. Consider using it when preaching about leadership.