Specie Circular - Wikipedia, the free encyclopedia
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 land to...
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Specie Circular (July 11, 1836) Executive order issued by Pres. Andrew Jackson . It required payment for purchases of public lands in gold or silver ... By curbing land speculation, the specie circular of 1836 probably hastened the panic of 1837.
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The chief features of his eight years, 1829-1837, were his vigorous opposition to nullification and to the United States Bank, his censure by the Senate, his introduction of the " Spoils System," his settlement of the French spoliation dispute, and his 'Specie Circular' of 1836. After his retirement he continued to...
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Britannica online encyclopedia article on Specie Circular (United States history), (July 11, 1836), 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. ... (July 11, 1836), in U.S. history, ... The Specie Circular,
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Jackson quickly responded by issuing his "Specie Circular" in July of 1836. The "Specie Circular" was a decree that only gold and silver could be accepted in purchasing public lands[96]. Many in Jackson's Cabinet objected because they saw a danger in it.
www.let.rug.nl/~usa/E/bankwar/bankwar11.htm
In 1836, President Jackson issued the Specie Circular to halt a speculative land mania fueled by the easy availability of paper currency issued by state banks. The Circular provided that purchasers must pay for public land in gold and silver. ... Specie Circular: Encyclopedia - 1836...
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January 1, 1836 ... The Specie Circular is issued by Treasury Secretary Levi Woodbury. Jackson and his administration felt it would check the speculation in land purchases that was rampant because of the "war" against the Second Bank of the United States...
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Because it loans were much harder to acquire, cotton became devalued, and the whole US economy suffered as a result. The Specie Circular just made this economic panic worse. The order contributed to the Panic Of 1837 . ... 1836 in law...
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Book article from: The Columbia Encyclopedia, Sixth Edition ...head by Jackson's issue of the Specie Circular (1836), which led to a drain...moreover, were to be made in specie. The separation of the Treasury...influence the money market, as specie payments to and from the government...
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In July 1836, President Andrew Jackson issued the Specie Circular. Under this act, the government would only accept gold or silver in payment for federal land. This act prevented working-class Americans from purchasing federal land in the West, including in Ohio, due to the lack of gold and silver. ... Specie Circula...
www.ohiohistorycentral.org/entry.php?rec=1431
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