victoriabrown57
victoriabrown57 victoriabrown57
  • 19-01-2021
  • Social Studies
contestada

What problem did Jackson's "pet banks" create?

Respuesta :

ariaholiver2 ariaholiver2
  • 19-01-2021
The pet banks and smaller "wildcat" banks flooded the country with paper currency. Because this money became so unreliable, Jackson issued the Specie Circular, which required all public lands to be purchased with gold and/or silver.
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