Andrew Jackson's specie circular of 1836 stipulated that after August 15 only _______ would be accepted in payment for public la

Question

Ket [755]

2 years ago

9

Andrew Jackson's specie circular of 1836 stipulated that after August 15 only _______ would be accepted in payment for public la

nds. A. gold B. gold and silver C. special banknotes D. silver

History

1 answer:

zalisa [80] · Answer 1 · 2022-08-19T18:59:02+03:00

The right answer is B. Gold and Silver.

Context: Specie Circular was a presidential executive order of President Jackson, which specifically demanded that goverment be paid for land in gold and silver. It was felt at the time that banknotes and other similar currency were not reliable enough and that its value could fluctuate. In contrast, gold and silver have a relatively stable value - specially when compared with the so-callled soft currency, which can be influenced by speculation.