History

Question

Period Social Studies

What were the initial effects of Jackson's banking

policies?

Zach Favrot • 7:43 AM

10 points

Due Toda

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Answer

Jackson's banking policies initially caused economic disruption, leading to a decrease in the money supply, an increase in the cost of credit, and a decrease in the value of the US dollar.

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Jackson's banking policies, which included the removal of federal deposits from the Second Bank of the United States and the Specie Circular, caused economic disruption...