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The controversial legislative Act related to currency enacted during Jackson's administration, what it required, who carried it out and some of its consequences?
Your answer should have 4 parts
1. the name of the Act
2. what it required
3. who carried it out
4. what were some of its consequences
What was the Specie Circular, what it required, who carried it out and some of its consequences?
What was the Species Circular issued during Jackson’s presidency and announced that the government would accept hard currency only in payment for public lands. The Act was actually carried out by Martin van Buren a longtime Jackson supporter and his successor. It caused economic inflation, rising prices, and possibly the Panic of 1837.