National and State Bank policies in the 1830's contributed to: Inflation The Panic of 1837 Increased national debt Depression

1 answer:

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National and State Bank policies in the 1830's contributed to the Inflation, The panic increased national debt depression because...

1833 - President Jackson went against the bank by recalling deposits of the federal government, and putting them to state banks. Meaning lots of useless money was being churned out (every bank had a special type of money) and countless loans were being issued without consideration and thought. During that, federal revenue due to land had greatly increased

<1835 - He used this as an "opening" to pay of the national debts, however, this was quickly demolished

1836 - The congress passed a law that required the federal surplus to be shared to the states in four payments, later on the Jackson Administration started the "Specie Circular" (where payments for federal land had to be paid in small installments using coins!)

In March 1837, the new elected president: Martin Van Buren had a big job on his hands; there was an festering economic crisis due to the free spirited bank practices in conjunction with crazy credits etc. it wasn't looking good
May 1837; NYC Banks stopped specie payments and with this, this created a new path for a bad economic recession. Due to this, Van Buren was under so many factors of pressure, he decided not to stop the Specie Circular. He created a set of economic proposals (September ) which was a key date; a self reliant treasury congress didn't want to accept. Meaning the economy plummeted in 1839 and didn't improve until 1843.

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nasty-shy [4]

Answer:

The Britons

Explanation:

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The Anglo-Saxons converted to christianity, and kept many cultural practices of the Britons, but in other aspects, they completely overrode the indigenous Celtic culture. For example, the English language, is in its origin germanic, and pratically does not have any Briton words.

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If you could have asked president Hoover about the plight of bank failure victims, what would you ask?

larisa86 [58]

Answer:

Mr. President, considering the fact that the welfare of the citizens is the government's primary responsibility and a huge financial breakdown such as the one the citizens have just experienced can have a devastating effect on the economy and impact negatively on your leadership, don't you think the poor affected citizens deserve some intervention from the government?

Explanation:

From the excerpt, it is clear that the financial crash in the United States Stock market was caused by the greed of investors. However, there were still some hardworking citizens who merely saved their hard-earned monies in the banks, but lost them when the banks closed up. Definitely, they deserved some help from the government.

President Hoover's belief that it was not the function of the government to regulate businesses was flawed as it would be wrong for the government to simply sit by and watch the economy crash.

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Lyndon

gizmo_the_mogwai [7]

Vice President under JFK

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3 years ago

Read 2 more answers

HELP ME IMMEDIATELY AND YOUR REWARD WILL BE A RANK OF BREAINLIST !!!!

zheka24 [161]

Didnt we put up fake tanks and stuff like that or maybe that was a different war

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