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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![**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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3f654b66-1151-4fd6-8eb0-d1c9302fefd4%2F30b07bef-c16c-4872-ab2b-f4991a7ba8e7%2Fjok6sk4_processed.jpeg&w=3840&q=75)
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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