Question

The __________ was caused by the Specie Circular, the Bank War, and rampant speculation. Many banks throughout the nation had to shut down; factories shut down as well and unemployment rose

Answer 1

Answer:

Panic of 1837

Explanation:

This was a financial crisis causing serious recession and closure of major banks within the United States which was caused by the economic policy of president Jackson who created the specie circular that forced all banks to start dealing in hard money(gold and silver coin). This recession lasted for four years.