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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.
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What man was most closely related to the Specie Circular?
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.
When did Specie Circular happen?
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.
Buy land with hard money only?
Specie Circular
What is 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.
How did Jackson specie circular of 1836 affect the economy of the US?
it triggered a panic
How did Jackson's specie circular of 1836 affect the economy of the US?
it triggered a panic
Which of these men most closely related to the specie circular?
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.
What did the specie circular accomplish?
It forced people buying government land to pay in silver or gold.
Jacksons treasury department decree that required all public lands to be purchased with hard money?
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 1836what did Andrew Jackson issued the Specie Circular which required that public lands be purchased using?
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.
What best describes the purpose of specie circular?
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.
What ordered all payments for federal land to be made in gold or silver?
Andrew Jackson in 1836, It was called the Specie Circular
