rapid credit growth that leads to an increase in investment and consumption and that are followed by sudden collapses in economic activity
100
How old would Andrew Jackson be if he were still alive today?
244 years old.
200
When did Nicholas Biddle become president of B.U.S.?
In 1822.
200
What is a quote from Andrew Jackson giving his views on B.U.S.?
Jackson said "I do not dislike your bank anymore then I dislike all banks"
200
How did Nicholas Biddle cause a depression?
Biddle demanded redemption of all loans in gold or silver as soon as possible and stopped giving out loans.
200
An important cash crop that dropped in price in response to depression in England
What is cotton?
200
What was the score of the girls soccer game last night?
2-1 Wayzata won!
300
Did Andrew Jackson have a Jeffersonian view or a Hamiltonian view?
Andrew Jackson had a Jeffersonian view.
300
When did the current B.U.S. charter expire?
It expired in 1836.
300
What is another name for "pet banks"?
Wildcat banks.
300
When government compulsorily overvalues one money and undervalues another, the undervalued money will leave the country.
What is Gresham’s Law?
300
American expansion was dependent on British ________.
What is investments
400
Was it Andrew Jackson or Nicholas Biddle that has a violent upbringing?
Andrew Jackson had a violent upbringing.
400
Did congress pass the bill to extend the B.U.S. charter?
YES!
400
Threw out all paper connected with the United States, that is, refuse to accept or discount any securities, bonds or other financial paper based in the United States.
What is the Bank of England
400
Best class ever.
What is APUSH!!
500
Nicholas Biddle partnered with who when pushing the recharter of B.U.S.?
Henry Clay
500
In what year did Andrew Jackson veto a bill that would extend the B.U.S. charter time?
He vetoed it in 1832.
500
What year was specie circular?
1836
500
Depression caused English banks and investors to cut back American commitments and refuse extensions of ___________.