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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**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
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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