Specie Circular



         


The Specie Circular was issued by President Andrew Jackson in 1836. It required payment for public lands be in gold and silver specie or certain sound money. Thus, much paper money was instantly devalued. This executive order contributed to the Panic of 1837.

This article is a stub. You can help BambooWeb by .






  View Live Article   This article is from Wikipedia. All text is available under the terms of the GNU Free Documentation License