victoriabrown57 victoriabrown57

19-01-2021
Social Studies

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What problem did Jackson's "pet banks" create?

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ariaholiver2 ariaholiver2

19-01-2021

The pet banks and smaller "wildcat" banks flooded the country with paper currency. Because this money became so unreliable, Jackson issued the Specie Circular, which required all public lands to be purchased with gold and/or silver.

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