Domestic Cause
Who was opposing Jackson in the Bank War?
Nicolas Biddle
What nation's demand of cotton led to the Panic?
What was Jackson's nickname?
Old Hickory
What year did the Panic begin?
1837
Name all Wayzata High School APUSH teachers
Campbell, Lhotka, McIntyre, Simmons
Why could state banks print money without restraint?
Absence of the National Bank
What material decreased in demand in Great Britain from the US that led to the Panic of 1837?
Cotton
Andrew Jackson was the ? POTUS
7th
What country had a financial crisis in 1836?
Great Britain
What room are we currently in?
A417
How did Jackson justify his veto of the Bank?
He called it elitist and unconstitutional.
Foreign investment in the US led to what phenomenon?
Inflation
What state was Jackson from?
Tennessee (also accept Carolinas)
Where did the industrial revolution originate?
Name all of our names and five others that are NOT in your team
Varsha, Hua, Yoojin, Abigail...
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 was a military hero at what battle?
New Orleans
What was hard money?
Currency backed by gold and silver.
Give a COMPLEX thesis answering the question:
Was the Panic of 1837 primarily caused by international or domestic affairs?
The Panic of 1837 was primarily caused by... but was also caused by...
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
Name the name of one of Hua, Varsha, or Abigail's dogs.
Tucker, Oliver, Jinjoo, Coby (only one needed)