Specie Circular

The Panic of 1819 was about the economic and financial disaster in America that also affected other nations outside America. It was the first financial disaster that occurred in the United States during James Monroe terms of presidency. The effect of the Panic of 1819 resulted in mortgage foreclosing, failed banks which resulted for people to go into bankruptcy, widespread of unemployment throughout the states, falling prices, and people forced to move out of their houses. This epidemic lasted…

Henry Clay would have been the next President. To selfishly secure his presidency Jackson had to make this executive order that would kill the US economy in the coming years. One other policy that does not sit well with many economists is the Specie Circular executive…

Jackson, as a southerner, should be credited for his intolerance toward nullification in the south. The crisis started off with the Tariff of Abominations, also known as the Tariff of 1828. It was a part of a series of tariffs after the War of 1812. Northern businesses were losing money because of the low prices on imported goods, so the Tariff of 1828 taxed imported goods to help business sales. The southerners were unhappy and believed the tariffs favored north but harmed southerners because…

Before the presidency of Andrew Jackson, the U.S was in a war with the British. Jackson as a general went in a Battle of Horseshoe Bend and defeated the creeks and Red Sticks Indian tribe which cleared Alabama for white settlement, he continued to fight without knowing that the war ended and ultimately defeated the English at the Battle of New Orleans, which made Andrew Jackson a national hero, and people nominating him for the election of 1824. Andrew Jackson was the first man to be elected…

Inflation grew dramatically as bank notes became worthless because unregulated state banks overextended credit. Then Jacksons final order as president was the Specie Circular, in U.S. history, an executive order issued by President Andrew Jackson requiring that payment for the purchase of public lands be made exclusively in gold or silver” ("Specie Circular"). Eventually this was repealed by Congress on May 21, 1838…

were widespread; America later fell into a depression that lasted six years. Much of this was rooted in that banks lost trust without gold backing in the currency. Jackson attempted to fix the problem by passing the Specie Circular, requiring land purchasers to pay in gold coins or specie. But due to the general lack of gold, many banks were forced to close and thus brought America deeper into depression. Many people lost their money and trade slowed tremendously without the exchange vector the…

Who pick Andrew Jackson to be on the 20 dollar bill? Andrew Jackson was our 7th president. He was born in 1768 somewhere in between the border of North and South Carolina. Then he was in Revolutionary War and was considered to “hero” of the Battle of New Orleans. After that he ran for president but lost election, he tried again and he won. Next he passed the Indian Removal Act. While the Indian Removal act was trying to get passed he came up with the Spoil System. Then he died in 1845 in…

The Depression of 1837 was the outcome of several misfortunate decisions and developments. These events eventually created a financial state of emergency in in the United States which continued beyond 1837. Some of the major factors that caused the crisis were bad Presidential decisions, faulty foreign affairs as well as rash actions of state banks. For this assignment, the question was proposed, were the American people justified in blaming President Van Buren for the Depression of 1837? It…

Selma, Anna, and Lulu, Chapin School for Girls, grade 6. Data trends: We received a dataset about net larval macroinvertebrate data. We think the testable question was “Which method works better for each specific specie?” We were tasked with analyzing this data and looking for trends. We have found that the kick method is more effective, and therefore used more often. In addition, we averaged each dataset, and we discovered that the species that is the most numerous is the mayfly and the one…

the United States. The Panic of 1837’s creation has been pinpointed to Jackson’s Policies to the nonrenewal of the charter of the Second Bank of the United States; thus transferring federal funds to state banks, and also the enforcement of the Specie CIrcular, which eventually led to one of the nation’s most crippling economic downfalls. Van Buren’s attempts to solve this economic crisis did little to rescue the economy, as it only further deflated the public. Van Buren consequently only served…