Specie Circular of 1836

E193587

The Specie Circular of 1836 was a U.S. presidential order issued by Andrew Jackson requiring payment for public lands to be made in gold or silver, a move that contributed to financial instability and the Panic of 1837.

All labels observed (2)

How this entity was disambiguated

Statements (43)

Predicate Object
instanceOf United States presidential order ⓘ
executive order ⓘ
aimedAt curbing land speculation ⓘ
reducing use of unstable banknotes ⓘ
appliesTo public lands ⓘ
appliesToRegion federal land offices ⓘ
authorizedBy President Andrew Jackson ⓘ
linked to: Andrew Jackson
contributedTo Panic of 1837 ⓘ
financial instability in the United States ⓘ
country United States ⓘ
economicDomain monetary policy ⓘ
public land sales ⓘ
governmentBranch executive branch of the United States ⓘ
hasConsequence contraction of credit ⓘ
decline in land prices ⓘ
increased pressure on state banks ⓘ
hasEffect drained specie from eastern banks ⓘ
reduced demand for western lands ⓘ
tightened credit conditions ⓘ
historicalPeriod Jacksonian era ⓘ
issuedBy United States Department of the Treasury ⓘ
language English ⓘ
legalForm Treasury Department circular ⓘ
monetaryPolicyType hard money policy ⓘ
officeholder Andrew Jackson ⓘ
opposedBy supporters of soft money ⓘ
partOf United States economic history ⓘ
policyContext Bank War ⓘ
Jacksonian economic policy ⓘ
positionHeldBySigner President of the United States ⓘ
precededBy Jackson’s veto of the Second Bank of the United States recharter ⓘ
prohibitsPaymentIn most paper banknotes ⓘ
regulates payment for public lands ⓘ
relatedConcept hard money vs soft money debate ⓘ
land speculation ⓘ
paper currency ⓘ
specie ⓘ
relatedToEvent Panic of 1837 ⓘ
requiresPaymentIn gold ⓘ
silver ⓘ
signedBy Andrew Jackson ⓘ
subjectOf debate over causes of the Panic of 1837 ⓘ
timePeriod 19th century ⓘ

How these facts were elicited

Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

Andrew Jackson → notableWork → Specie Circular of 1836 ⓘ
Andrew Jackson presidency → majorEvent → Specie Circular of 1836 ⓘ
Panic of 1837 → hasCause → Specie Circular of 1836 ⓘ
Panic of 1837 → significantPolicy → Specie Circular issued by Andrew Jackson ⓘ
linked to: Specie Circular of 1836