Domestic Cause
During what term did Jackson get rid of the Bank?
What nation's demand of cotton led to the Panic?
What was Jackson's nickname?
Old Hickory
What year did the Panic begin?
1837
What is laissez-faire policy?
Free market capitalism with no government interference in the economy.
What were banks that printed more money than the specie they had called?
wildcat banks
Foreign investment in the US led to what phenomenon?
What state was Jackson from?
Tennessee (also accept Carolinas)
What country had a financial crisis in 1836?
Great Britain
What is the goal of communism?
A classless society without private property.
How did Jackson justify his veto of the Bank?
He called it elitist and unconstitutional.
Who invented the cotton gin?
Eli Whitney
Jackson was a military hero at what battle?
New Orleans
Where did the industrial revolution originate?
Which pioneering communist thinker wrote The Communist Manifesto along with Karl Marx?
Friedrich Engels
What economic policy led to the Panic?
The Specie Circular, which required payment for public lands in gold and silver, contributing to a shortage of hard currency.
From where did gold and silver come to the US?
Mexico and China
Jackson's group of informal advisors were known as what?
Kitchen Cabinet
What was hard money?
Currency backed by gold and silver.
What role did speculative land investments play in the Panic of 1837?
Speculative land investments created a bubble that burst, leading to financial instability.
The Panic of 1837 was partly fueled by the Bank of England's decision to restrict the issuance of these items, which were essential for international trade.
Bills of exchange and credit instruments.
Due to the many duels Jackson fought, a bullet was lodged near what vital organ?
Heart
What is globalization?
It is an increased interconnectedness and interdependence of countries, cultures, economies, and people around the world
Please recite the preamble of the Communist Manifesto (first sentence is ok).
A spectre is haunting Europe — the spectre of communism. All the powers of old Europe have entered into a holy alliance to exorcise this spectre: Pope and Tsar, Metternich and Guizot, French Radicals and German police-spies.
Where is the party in opposition that has not been decried as communistic by its opponents in power? Where is the opposition that has not hurled back the branding reproach of communism, against the more advanced opposition parties, as well as against its reactionary adversaries?
Two things result from this fact:
I. Communism is already acknowledged by all European powers to be itself a power.
II. It is high time that Communists should openly, in the face of the whole world, publish their views, their aims, their tendencies, and meet this nursery tale of the Spectre of Communism with a manifesto of the party itself.
To this end, Communists of various nationalities have assembled in London and sketched the following manifesto, to be published in the English, French, German, Italian, Flemish and Danish languages.