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In page Panic of 1837:
"Many individual states defaulted on their bonds, which angered British creditors.[6]: 50–52 The United States briefly withdrew from international money markets. Only in the late 1840s did Americans re-enter those markets.[citation needed] The defaults, along with other consequences of the recession, carried major implications for the relationship between the state and economic development. In some ways, the panic undermined confidence in public support for internal improvements.[6]: 55–57 The panic unleashed a wave of riots and other forms of domestic unrest. The ultimate result was an increase in the state's police powers, including more professional police forces.[7][6]: 137–138