This event led to the failure of Indiana governor Noah Noble’s Mammoth Internal Improvement Act. A nickname for this event, “Hard Times,” also identified copper tokens made to satirize this event, which was exacerbated by Hessian flies causing a wheat shortage. An executive order issued in the lead-up to this event applied to lands over 320 acres and made an exemption for certain Virginia scrip. (10[1]-5[1])The nonrenewal of the charter of the Second Bank (-5[1])of the United States led to (10[1])this event being influenced by wildcat banks. (10[1])Before this event, Levi Woodbury required land purchases in only gold or silver in the (10[1]-5[1])Specie Circular. For 10 points, name this economic panic named for beginning in the first year of (-5[1])Martin Van Buren’s presidency. ■END■ (10[1]0[2])