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Rising inflation in the 1830s was primarily driven by several factors, including increased speculation in land and commodities, particularly in the United States, which fueled demand and prices. Additionally, the use of paper money, especially due to the Bank War and the subsequent withdrawal of federal deposits from the Second Bank of the United States, contributed to an unstable monetary supply. This period also saw economic expansion and a surge in trade, which, combined with a lack of effective monetary policy, exacerbated inflationary pressures.

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1w ago

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