a. the economy finally flourished and expanded. b. was repaired and the state banking system created a new level of prosperity. c. quickly collapsed into depression. d. went through all of the above.
Three questions on the same subject area in a few minutes , goodness , either you didn't pay attention to teacher , or this is a particularly tiresome piece of homework . Even though it's only Pick the right answer and so is designed for the education of cretins . Why not go out and play ball since that is where your talents plainly lie . There is probably some hot chick hanging around the rest of the jocks whom you can practice reproduction with , and so create further lifeforms like you , if you look .
C Public schools not hard if you just pay attention . fool
D. went through all of the above When Martin Van Buren took over the Presidency from his successor, Andrew Jackson, the nation's financial situation seemed to be going fairly well. Jackson had successfully lowered the national debt to its lowest point since 1791 (a trifle $33,733.05), and the economy seemed to be growing rapidly. Probably the most blame for the panic is placed most often on President Andrew Jackson and his attitude toward the Bank of the United States. Jackson is famous for having opposed the bank, which he not only refused to recharter, but from which he withdrew funds (an act which earned him a congressional censure) in order to promote private banking and a more free economy. Jackson viewed soft money (that is, paper currency which holds no value on its own, but represents some sort of accepted value) in a highly negative light, much preferring banks doing business in hard money (gold or silver currency). As a result of the new power wielded by state banks, and the lack of regulation from a national banking system, the economy did flourish for a time - bank loans skyrocketed, the economy flourished, and foreign nations began investing heavily in the financial opportunities of America. The boom was short lived, however, as inflation increased dramatically as banks printed exorbitant amounts of paper money. This was exacerbated considerably by one of the most controversial aspects of Jackson's economic policy - the issuance of a Specie Circular (or Coinage Act) which was an attempt to protect land speculators in the west from being left with devalued currency in the event of inflation. As a result of this policy, however, the value of paper money began to deflate rapidly, providing the opposite of the intended effect, leaving many holding nearly worthless money.
