Specie Circular was 1836. It was Andrew Jackson's declaration of war on bank notes (paper money).
It triggered the Panic of 1837, America's very first economic collapse.
Thanks. I’m in Australia and have only vaguely heard about the Second Bank of the United States in passing, your reference helped me understand it bit more.
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Specie Circular was 1836. It was Andrew Jackson's declaration of war on bank notes (paper money).
It triggered the Panic of 1837, America's very first economic collapse.
Thanks. I’m in Australia and have only vaguely heard about the Second Bank of the United States in passing, your reference helped me understand it bit more.