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Specie Circular (Coinage Act)

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11y ago
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In 1836, President Andrew Jackson issued the Specie Circular. This executive order required all public lands to be purchased with gold or silver coins, rather than paper currency. It was intended to curb rampant speculation and stabilize the economy, but instead contributed to the economic downturn known as the Panic of 1837.

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Q: What did president Andrew Jackson issue in 1836?
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