Specie Circular of 1836
E193587
The Specie Circular of 1836 was a U.S. presidential order issued by Andrew Jackson requiring payment for public lands to be made in gold or silver, a move that contributed to financial instability and the Panic of 1837.
All labels observed (2)
| Label | Occurrences |
|---|---|
| Specie Circular of 1836 canonical | 3 |
| Specie Circular issued by Andrew Jackson | 1 |
Statements (43)
| Predicate | Object |
|---|---|
| instanceOf |
United States presidential order
ⓘ
executive order ⓘ |
| aimedAt |
curbing land speculation
ⓘ
reducing use of unstable banknotes ⓘ |
| appliesTo | public lands ⓘ |
| appliesToRegion | federal land offices ⓘ |
| authorizedBy |
Andrew Jackson
ⓘ
surface form:
President Andrew Jackson
|
| contributedTo |
Panic of 1837
ⓘ
financial instability in the United States ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| economicDomain |
monetary policy
ⓘ
public land sales ⓘ |
| governmentBranch | executive branch of the United States ⓘ |
| hasConsequence |
contraction of credit
ⓘ
decline in land prices ⓘ increased pressure on state banks ⓘ |
| hasEffect |
drained specie from eastern banks
ⓘ
reduced demand for western lands ⓘ tightened credit conditions ⓘ |
| historicalPeriod | Jacksonian era ⓘ |
| issuedBy | United States Department of the Treasury ⓘ |
| language | English ⓘ |
| legalForm | Treasury Department circular ⓘ |
| monetaryPolicyType | hard money policy ⓘ |
| officeholder | Andrew Jackson ⓘ |
| opposedBy | supporters of soft money ⓘ |
| partOf | United States economic history ⓘ |
| policyContext |
Second Bank of the United States
ⓘ
surface form:
Bank War
Jacksonian economic policy ⓘ |
| positionHeldBySigner | President of the United States ⓘ |
| precededBy | Jackson’s veto of the Second Bank of the United States recharter ⓘ |
| prohibitsPaymentIn | most paper banknotes ⓘ |
| regulates | payment for public lands ⓘ |
| relatedConcept |
hard money vs soft money debate
ⓘ
land speculation ⓘ paper currency ⓘ specie ⓘ |
| relatedToEvent | Panic of 1837 ⓘ |
| requiresPaymentIn |
gold
ⓘ
silver ⓘ |
| signedBy | Andrew Jackson ⓘ |
| subjectOf | debate over causes of the Panic of 1837 ⓘ |
| timePeriod | 19th century ⓘ |
Referenced by (4)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
Specie Circular issued by Andrew Jackson