2 Apr 1836 Jahr - Specie Circular 1836

Beschreibung:

Description: An executive order issued by President Andrew Jackson required landowners to pay for public land with only gold or silver.
Causes: The principal reason for Jackson's implementation of the Specie Circular was high inflation. He also wanted more gold and silver to be present in the United States.
Historical Impact: This act prevented working-class Americans from purchasing federal land in the West, including in Ohio, due to the lack of gold and silver. Also led to the government printing more money, which leads to more inflation.

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