Question

Which of the following best describes a consequence that Specie Circular had in the United States?

A. It caused the Tariffs of 1828 and 1832 to be passed.
B.It caused widespread panic and started a depression.
C. It caused an increase in the use and printing of paper money.
D. It caused people to vote against John Quincy Adams in the 1828 election.

Answer 1

Correct B, It caused widespread panic and started a depression.

Explanation:

Incorrect A, the Specie Circular accrued in 1836, so how could it cause something that accrued in the past?

Incorrect C, the Specie Circular increased the use of silver and gold, and decreased the use of paper money.

Incorrect D, again the election of John Quincy Adams in 1828 was before the 1836 Specie Circular, so how could it had caused people to vote against him?

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Answer 2

Answer:

The answer is B. It caused widespread panic and started a depression.

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