The Specie Circular (Coinage Act) was an executive order issued by U.S. President Andrew Jackson in 1836 and carried out by President Martin Van Buren. It required payment for government/public land to be in gold and silver.
Andrew Jackson was most closely related to the Specie Circular. By Jackson's 1836 Executive Order, the Specie Circular required payment for government land to be in gold and silver.
The Specie Circular was a U.S. executive order issued by President Andrew Jackson in 1836, pursuant to the Coinage Act. It required payment for purchases of government lands to be in gold and silver.
Specie Circular
The Specie Circular was a U.S. executive order issued by President Andrew Jackson in 1836, pursuant to the Coinage Act. It required payment for purchases of government lands to be in gold and silver.
it triggered a panic
it triggered a panic
Andrew Jackson is most closely related to the Specie Circular. As the president of the United States from 1829 to 1837, Jackson issued the Specie Circular in 1836. This executive order required the purchase of public lands to be made with gold or silver rather than paper currency, with the aim of curbing land speculation and stabilizing the economy.
It forced people buying government land to pay in silver or gold.
The Specie Circular was an 1836 executive order by President Andrew Jackson. This decree required payment for all public lands in gold and silver.
In July 1836, President Andrew Jackson issued the Specie Circular, which mandated that public lands be purchased only with gold or silver coins, rather than paper money. This policy aimed to curb rampant speculation and inflation fueled by the use of banknotes. The Specie Circular contributed to a financial panic and economic downturn, as it restricted access to land purchases for many who relied on credit.
The Specie Circular was an executive order issued by President Andrew Jackson in 1836 aimed at curbing speculation in land purchases. It mandated that payment for public land be made only in gold or silver coins, rather than in paper currency or other forms of payment. This policy was intended to stabilize the economy and reduce inflation but ultimately contributed to the Panic of 1837 by restricting access to land purchases and worsening the economic downturn.
Andrew Jackson in 1836, It was called the Specie Circular