Conditions that led to the Panic of 1837
Essay specific features


Written by:
Michael M
Date added:
May 21, 2016
Level:
University
Grade:
A
No of pages / words:
2 / 294
Was viewed:
2591 times
Rating of current essay:
Essay content:
Paper money, issued by banks, was stunting the nation's economy because it was unable to redeem gold and silver.
Another condition that led to the Panic of 1837 was the Jacksonian hard money (gold and silver) policy. The Tariff of 1833 was reducing the Federal government's income, which thus depended more heavily on excise taxes, while at the same time Andrew Jackson's administration worked to pay off the national debt...
displayed 300 characters
Custom written essay
All essays are written from scratch by professional writers according to your instructions and delivered to your email on time. Prices start from $11.99/page
Order custom paperFull essays database
You get access to all the essays and can view as many of them as you like for as little as $28.95/month
Buy database accessOrder custom writing paper now!
- Your research paper is written
by certified writers - Your requirements and targets are
always met - You are able to control the progress
of your writing assignment - You get a chance to become an
excellent student!
Get a price guote
The Jackson Administration favored hard money and was suspicious of the large amount of paper money. Thus the Specie Circular was issued by Andrew Jackson, which commanded the U.S. Treasury not to accept banknotes, and recognize only gold and silver coinage as payment for public lands. Many state banks did not have specie to support their paper currency...
displayed 300 characters
General issues of this essay:
Related essays:
-
2 pages, 294 words
-
1 pages, 227 words
-
2 pages, 344 words
-
2 pages, 348 words
-
2 pages, 498 words
-
3 pages, 673 words
-
2 pages, 512 words