The 'Specie Circular' (1836) was an executive order that required:
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Correct answer: The purchase of public lands to be made with 'hard money' (gold or silver)
Jackson issued the order to curb land speculation and the proliferation of 'soft' paper money from state banks. This move contributed to the Panic of 1837 by draining specie from the banks and causing a sudden contraction of credit.
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More Jacksonian Democracy and Populism questions
- The 'Trail of Tears' refers to the forced relocation of the Cherokee people to which modern-day state?
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- John C. Calhoun's 'South Carolina Exposition and Protest' was modeled after which earlier documents?
- Which group would have been MOST likely to support Andrew Jackson's Democratic Party in the 1830s?
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