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Why Was The Specie Circular Bad?

January 24, 2024 by Timothy Chehowski

Why Was The Specie Circular Bad? The “Specie Circular” was a decree that only gold and silver could be accepted in purchasing public lands[96]. Many in Jackson’s Cabinet objected because they saw a danger in it. The danger was that Congress may have seen it as a further abuse of executive power by Jackson and

What Was Specie And What Was The Specie Circular?

January 24, 2024 by Jasmine Sibley

What Was Specie And What Was The Specie Circular? Specie Circular, (July 11, 1836), in U.S. history, an executive order issued by President Andrew Jackson requiring that payment for the purchase of public lands be made exclusively in gold or silver. What was the point of the Specie Circular? In July 1836, President Andrew Jackson