What caused the Panic of 1837? O a) President Jackson killed the Second Bank of the United States by moving federal deposits to state banks. O b) Congress increased the number of state banks that would receive federal deposits. O c) The Specie Circular, which required federal land purchases to me made in specie, drained hard currency from eastern banks. d) All of the above
What caused the Panic of 1837? O a) President Jackson killed the Second Bank of the United States by moving federal deposits to state banks. O b) Congress increased the number of state banks that would receive federal deposits. O c) The Specie Circular, which required federal land purchases to me made in specie, drained hard currency from eastern banks. d) All of the above
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Transcribed Image Text:**What caused the Panic of 1837?**
- a) President Jackson killed the Second Bank of the United States by moving federal deposits to state banks.
- b) Congress increased the number of state banks that would receive federal deposits.
- c) The Specie Circular, which required federal land purchases to be made in specie, drained hard currency from eastern banks.
- d) All of the above
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