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U.S. presidential executive order
The Specie Circular is a United States presidential executive order issued by President Andrew Jackson on July 11, 1836, pursuant to the Coinage Act of
Specie_Circular
Topics referred to by the same term
refinement quality. Specie may also refer to: Specie Circular, 1836 executive order by US President Andrew Jackson regarding hard money Specie Payment Resumption
Specie_(disambiguation)
Type of monetary policy
of the Second Bank of the United States took effect, he issued the Specie Circular, an executive order that all public lands had to be purchased with
Hard_money_(policy)
mobilize the remaining money in the specie reserves, which were the reserves of gold and silver created by the Specie Circular. These factors ultimately contributed
Pet_banks
U.S. presidential scandal during the Jackson administration
War pet banks Nullification crisis "King Andrew the First" Censure Specie Circular Attempted assassination Texas Revolution Panic of 1837 Judicial appointments
Petticoat_affair
Type of banking charter in the United States
Safety Fund System, 1829–1842 Bank War, 1832–1836 Coinage Act of 1834 Specie Circular Civil War Era (1840–1870) Wildcat banking (1836–1865) Forstall System
National_bank_(United_States)
Banking association of the United States
porters to travel from bank to bank to exchange checks for bags of coin, or “specie.” As the number of banks grew, exchanges became a daily event. The official
The_Clearing_House
American political cartoon created by an unknown artist around 1833
War pet banks Nullification crisis "King Andrew the First" Censure Specie Circular Attempted assassination Texas Revolution Panic of 1837 Judicial appointments
King_Andrew_the_First
Political struggle in the 19th-century United States
crisis. The Whigs attacked Jackson's specie circular and demanded recharter of the Bank. Democrats defended the circular and blamed the panic on greedy speculators
Bank_War
United States act banning the use of foreign currency
establishment of the United States Mint, the sole medium of exchange in terms of specie was foreign coin. Alexander Hamilton had proposed that foreign coin (of
Coinage_Act_of_1857
President of the United States from 1829 to 1837
the Panic of 1837. One was the Specie Circular, which mandated western lands only be purchased by money backed by specie. The act was intended to stabilize
Andrew_Jackson
President of the United States from 1845 to 1849
better leadership. Van Buren and Polk faced pressure to rescind the Specie Circular, Jackson's 1836 order that payment for government lands be in gold
James_K._Polk
1875 law in the US
The Specie Payment Resumption Act of January 14, 1875 was a law in the United States that restored the nation to the gold standard through the redemption
Specie_Payment_Resumption_Act
19th-century United States financial crisis
The Specie Circular of 1836 mandated that western lands could be purchased only with gold and silver coin, instead of bank loans. The circular was an
Panic_of_1837
Movement for the annexation of Mexico by the U.S.
(1833–1839) U.S. Representative for TN–6 (1825–1833) Life Bank War Specie Circular 1840 Democratic National Convention 1840 United States presidential
All_of_Mexico_Movement
Group of unofficial or private advisers to a political leader
War pet banks Nullification crisis "King Andrew the First" Censure Specie Circular Attempted assassination Texas Revolution Panic of 1837 Judicial appointments
Kitchen_Cabinet
War pet banks Nullification crisis "King Andrew the First" Censure Specie Circular Attempted assassination Texas Revolution Panic of 1837 Judicial appointments
Plantations_of_Andrew_Jackson
American Surveyor (1772–1827)
(1833–1839) U.S. Representative for TN–6 (1825–1833) Life Bank War Specie Circular 1840 Democratic National Convention 1840 United States presidential
Samuel_Polk
Place or organization holding wealth
Safety Fund System, 1829–1842 Bank War, 1832–1836 Coinage Act of 1834 Specie Circular Civil War Era (1840–1870) Wildcat banking (1836–1865) Forstall System
Treasury
Congress adjourns from its first session. July 11 – Jackson issues the Specie Circular. It says the government will only accept land payments made in silver
Timeline of the Andrew Jackson presidency
Timeline_of_the_Andrew_Jackson_presidency
States Federal Government Specie Circular, an executive order issued by U.S. President Andrew Jackson in 1836 Valuev Circular, a secret 1863 decree of
List_of_circulars
Currency not backed by any commodity
paper money in the country. By 1745, its paper money was inconvertible to specie, but acceptance was mandated by the government. This fiat currency depreciated
Fiat_money
Series of pamphlets attacking Andrew Jackson
War pet banks Nullification crisis "King Andrew the First" Censure Specie Circular Attempted assassination Texas Revolution Panic of 1837 Judicial appointments
Coffin_Handbills
1793–1857 American coin worth 0.5 cents
Safety Fund System, 1829–1842 Bank War, 1832–1836 Coinage Act of 1834 Specie Circular Civil War Era (1840–1870) Wildcat banking (1836–1865) Forstall System
Half_cent
Head of the Department of the Treasury
Safety Fund System, 1829–1842 Bank War, 1832–1836 Coinage Act of 1834 Specie Circular Civil War Era (1840–1870) Wildcat banking (1836–1865) Forstall System
United States Secretary of the Treasury
United_States_Secretary_of_the_Treasury
Former United States five-cent silver coin
Safety Fund System, 1829–1842 Bank War, 1832–1836 Coinage Act of 1834 Specie Circular Civil War Era (1840–1870) Wildcat banking (1836–1865) Forstall System
Half_dime
Copper or brass tokens struck in the United States during the 19th century
and his Treasury secretary, Levi Woodbury, issued the Specie Circular on July 11, 1836. The circular simply stated that as of August 15, 1836, banks and
Hard_times_token
Businessman, father of Martin van Buren
Presidency (timeline) Inauguration of Martin Van Buren Panic of 1837 Specie Circular Independent Treasury Treaty of New Echota Emerson's letter to Martin
Abraham_Van_Buren
American politician (1782–1858)
the Bank War and proposed a land payment law that inspired Jackson's Specie Circular executive order. Benton's prime concern was the westward expansion
Thomas Hart Benton (politician)
Thomas_Hart_Benton_(politician)
War pet banks Nullification crisis "King Andrew the First" Censure Specie Circular Attempted assassination Texas Revolution Panic of 1837 Judicial appointments
Indigenous members of the Andrew Jackson household
Indigenous_members_of_the_Andrew_Jackson_household
Elected party giving jobs to supporters
War pet banks Nullification crisis "King Andrew the First" Censure Specie Circular Attempted assassination Texas Revolution Panic of 1837 Judicial appointments
Spoils_system
War pet banks Nullification crisis "King Andrew the First" Censure Specie Circular Attempted assassination Texas Revolution Panic of 1837 Judicial appointments
List of violent incidents involving Andrew Jackson
List_of_violent_incidents_involving_Andrew_Jackson
Part of the Mexican–American War in 1846
(1833–1839) U.S. Representative for TN–6 (1825–1833) Life Bank War Specie Circular 1840 Democratic National Convention 1840 United States presidential
Thornton_Affair
U.S. presidential administration from 1837 to 1841
in May 1837 that he would not revoke the Specie Circular. Van Buren feared that revoking the Specie Circular would hurt western banks, and was reluctant
Presidency of Martin Van Buren
Presidency_of_Martin_Van_Buren
Currency of the United States
precious metals. However, by December 1861, the Union government's supply of specie was outstripped by demand for redemption and they were forced to suspend
United_States_dollar
Event during the presidency of Andrew Jackson
War pet banks Nullification crisis "King Andrew the First" Censure Specie Circular Attempted assassination Texas Revolution Panic of 1837 Judicial appointments
Nullification_crisis
Former one-cent coin of the United States
Safety Fund System, 1829–1842 Bank War, 1832–1836 Coinage Act of 1834 Specie Circular Civil War Era (1840–1870) Wildcat banking (1836–1865) Forstall System
Large_cent
US government debt instruments
marketable security issues are described in the Treasury's Uniform Offering Circular (31 CFR 356). Treasury bills (T-bills) are zero-coupon bonds that mature
United States Treasury security
United_States_Treasury_security
Type of document similar to banknotes
Safety Fund System, 1829–1842 Bank War, 1832–1836 Coinage Act of 1834 Specie Circular Civil War Era (1840–1870) Wildcat banking (1836–1865) Forstall System
Bills_of_credit
List of United States banknotes issued 1775–1779
Safety Fund System, 1829–1842 Bank War, 1832–1836 Coinage Act of 1834 Specie Circular Civil War Era (1840–1870) Wildcat banking (1836–1865) Forstall System
Continental currency banknotes
Continental_currency_banknotes
U.S. financial institution legally allowed to accept monetary deposits from consumers
Safety Fund System, 1829–1842 Bank War, 1832–1836 Coinage Act of 1834 Specie Circular Civil War Era (1840–1870) Wildcat banking (1836–1865) Forstall System
Depository_institution
Law authorizing the removal of Native Americans from US states
War pet banks Nullification crisis "King Andrew the First" Censure Specie Circular Attempted assassination Texas Revolution Panic of 1837 Judicial appointments
Indian_Removal_Act
Type of paper money that was issued from 1862 to 1971 in the United States
December 1861, economic conditions deteriorated and with the suspension of specie payment the government broke the promise to redeeming the Demand Notes on
United_States_Note
Previously less known thing becoming prominent
(1833–1839) U.S. Representative for TN–6 (1825–1833) Life Bank War Specie Circular 1840 Democratic National Convention 1840 United States presidential
Dark_horse
Short-lived United States Democratic Party faction
Locofoco movement in its interpretation of contemporary politics. Specie Circular Preserved Fish Young America Movement Leggett, William. "A collection
Locofocos
American attorney and duelist (1780–1806)
Georgia Economic policy: Bank War Senate censure Pet banks Hard money Specie Circular Panic of 1837 Tariffs: 1832 1833 Sectional conflict: Nullification
Charles_Dickinson_(planter)
American lawyer and statesman (1782–1852)
Webster and his Whig allies blamed Jackson's policies, including the Specie Circular, for the panic, but a worldwide economic downturn was a major contributing
Daniel_Webster
Professor of economics (1922–2020)
81–96. Richard H. Timberlake Jr.: "The Specie Circular and Distribution of the Surplus" & "The Specie Circular and Sales of Public Lands: A Comment" (Timberlake's
Richard_Timberlake
Safety Fund System, 1829–1842 Bank War, 1832–1836 Coinage Act of 1834 Specie Circular Civil War Era (1840–1870) Wildcat banking (1836–1865) Forstall System
Banknotes of the United States dollar
Banknotes_of_the_United_States_dollar
1890 United States law
Safety Fund System, 1829–1842 Bank War, 1832–1836 Coinage Act of 1834 Specie Circular Civil War Era (1840–1870) Wildcat banking (1836–1865) Forstall System
Sherman_Silver_Purchase_Act
Notable images of 7th U.S. president
War pet banks Nullification crisis "King Andrew the First" Censure Specie Circular Attempted assassination Texas Revolution Panic of 1837 Judicial appointments
Portraits_of_Andrew_Jackson
United States federal executive department
Safety Fund System, 1829–1842 Bank War, 1832–1836 Coinage Act of 1834 Specie Circular Civil War Era (1840–1870) Wildcat banking (1836–1865) Forstall System
United States Department of the Treasury
United_States_Department_of_the_Treasury
American silver coin
Safety Fund System, 1829–1842 Bank War, 1832–1836 Coinage Act of 1834 Specie Circular Civil War Era (1840–1870) Wildcat banking (1836–1865) Forstall System
1792_half_disme
Safety Fund System, 1829–1842 Bank War, 1832–1836 Coinage Act of 1834 Specie Circular Civil War Era (1840–1870) Wildcat banking (1836–1865) Forstall System
Bank_of_Pennsylvania
Period of banking in U.S. history
those banks in the manner that the Second Bank had. He also issued the Specie Circular, which required federal land sales to be paid in silver or gold coin
Wildcat_banking
fourth of the Cherokee population dies in the process. May 31 – The Specie Circular is repealed and the means used to pay debts to the federal government
Timeline of the Martin Van Buren presidency
Timeline_of_the_Martin_Van_Buren_presidency
Aspect of U.S. history
War pet banks Nullification crisis "King Andrew the First" Censure Specie Circular Attempted assassination Texas Revolution Panic of 1837 Judicial appointments
Andrew_Jackson_and_slavery
System for managing the US money supply
government were to be made in either specie or Treasury Notes, issued by the Treasury itself, backed by its specie holdings and the credit of the Republic
Independent_Treasury
American national bank (1791–1811)
Safety Fund System, 1829–1842 Bank War, 1832–1836 Coinage Act of 1834 Specie Circular Civil War Era (1840–1870) Wildcat banking (1836–1865) Forstall System
First Bank of the United States
First_Bank_of_the_United_States
Wife of Andrew Jackson, 7th president of the United States (1767–1828)
Georgia Economic policy: Bank War Senate censure Pet banks Hard money Specie Circular Panic of 1837 Tariffs: 1832 1833 Sectional conflict: Nullification
Rachel_Jackson
Nephews, nieces, and children of friends
War pet banks Nullification crisis "King Andrew the First" Censure Specie Circular Attempted assassination Texas Revolution Panic of 1837 Judicial appointments
Wards_of_Andrew_Jackson
US government agency for producing coinage
Safety Fund System, 1829–1842 Bank War, 1832–1836 Coinage Act of 1834 Specie Circular Civil War Era (1840–1870) Wildcat banking (1836–1865) Forstall System
United_States_Mint
Safety Fund System, 1829–1842 Bank War, 1832–1836 Coinage Act of 1834 Specie Circular Civil War Era (1840–1870) Wildcat banking (1836–1865) Forstall System
Coins of the United States dollar
Coins_of_the_United_States_dollar
United States Army paymaster, eldest son of US President Martin Van Buren
Presidency (timeline) Inauguration of Martin Van Buren Panic of 1837 Specie Circular Independent Treasury Treaty of New Echota Emerson's letter to Martin
Abraham_Van_Buren_II
1958 film directed by Anthony Quinn
Georgia Economic policy: Bank War Senate censure Pet banks Hard money Specie Circular Panic of 1837 Tariffs: 1832 1833 Sectional conflict: Nullification
The_Buccaneer_(1958_film)
U.S. presidential administration from 1829 to 1837
Jackson issued the Specie Circular, an executive order that required buyers of government lands to pay in specie. The Specie Circular undermined the public's
Presidency_of_Andrew_Jackson
Comedic historical rock musical
Georgia Economic policy: Bank War Senate censure Pet banks Hard money Specie Circular Panic of 1837 Tariffs: 1832 1833 Sectional conflict: Nullification
Bloody_Bloody_Andrew_Jackson
1819 United States Supreme Court case
Safety Fund System, 1829–1842 Bank War, 1832–1836 Coinage Act of 1834 Specie Circular Civil War Era (1840–1870) Wildcat banking (1836–1865) Forstall System
McCulloch_v._Maryland
1900 U.S. legislation which established gold as the standard for the U.S. dollar
minted in dollar units at $20.67/ounce Sherman Silver Purchase Act (1890) Specie Payment Resumption Act (1875) Including gold certificates, United States
Gold_Standard_Act
Safety Fund System, 1829–1842 Bank War, 1832–1836 Coinage Act of 1834 Specie Circular Civil War Era (1840–1870) Wildcat banking (1836–1865) Forstall System
Obsolete denominations of United States currency
Obsolete_denominations_of_United_States_currency
Ancestral home of Andrew Jackson
War pet banks Nullification crisis "King Andrew the First" Censure Specie Circular Attempted assassination Texas Revolution Panic of 1837 Judicial appointments
Andrew_Jackson_Centre
Type of United States paper money
interest-bearing Treasury Notes in existence at the time. The promise to pay specie "on demand" was a new obligation for Treasury Notes (though common on private
Demand_Note
Depositor-owned savings institution without capital stock
Safety Fund System, 1829–1842 Bank War, 1832–1836 Coinage Act of 1834 Specie Circular Civil War Era (1840–1870) Wildcat banking (1836–1865) Forstall System
Mutual_savings_bank
American act of Congress
Safety Fund System, 1829–1842 Bank War, 1832–1836 Coinage Act of 1834 Specie Circular Civil War Era (1840–1870) Wildcat banking (1836–1865) Forstall System
Contraction_Act_of_1866
American soldier and pioneer (1747–1824)
(1833–1839) U.S. Representative for TN–6 (1825–1833) Life Bank War Specie Circular 1840 Democratic National Convention 1840 United States presidential
Ezekiel_Polk
19th-century Mississippi trail
War pet banks Nullification crisis "King Andrew the First" Censure Specie Circular Attempted assassination Texas Revolution Panic of 1837 Judicial appointments
Jackson's_Military_Road
American political term
Georgia Economic policy: Bank War Senate censure Pet banks Hard money Specie Circular Panic of 1837 Tariffs: 1832 1833 Sectional conflict: Nullification
Corrupt_bargain
Any substitute for legal tender or currency
widely used of them all. U.S. President Andrew Jackson issued his Specie Circular of 1836 due to credit shortages. At the same time, Virginia Scrip was
Scrip
American currency
Safety Fund System, 1829–1842 Bank War, 1832–1836 Coinage Act of 1834 Specie Circular Civil War Era (1840–1870) Wildcat banking (1836–1865) Forstall System
Treasury_Note_(1890–1891)
Safety Fund System, 1829–1842 Bank War, 1832–1836 Coinage Act of 1834 Specie Circular Civil War Era (1840–1870) Wildcat banking (1836–1865) Forstall System
Currency_Act_of_1870
American national bank (1816–41)
checks in use and the larger the sums they had to settle in specie. This loss of specie reduced their power to lend. Under this banking regime, the impulse
Second Bank of the United States
Second_Bank_of_the_United_States
Act passed by the United States Congress on June 28, 1834
Safety Fund System, 1829–1842 Bank War, 1832–1836 Coinage Act of 1834 Specie Circular Civil War Era (1840–1870) Wildcat banking (1836–1865) Forstall System
Coinage_Act_of_1834
Costs incurred on combatants
Safety Fund System, 1829–1842 Bank War, 1832–1836 Coinage Act of 1834 Specie Circular Civil War Era (1840–1870) Wildcat banking (1836–1865) Forstall System
Financial costs of the American Revolutionary War
Financial_costs_of_the_American_Revolutionary_War
1878 United States law on monetary policy
000 quarters were struck in 1886) until the Barber coinage began in 1892. Specie Payment Resumption Act (1875) Ari Arthur Hoogenboom, Rutherford B. Hayes:
Bland–Allison_Act
in Louisiana issued in 1862. 1836: Specie Circular – Required payment for public lands be in gold and silver specie, repealed in 1838 1863: Proclamation
List of United States federal executive orders
List_of_United_States_federal_executive_orders
War pet banks Nullification crisis "King Andrew the First" Censure Specie Circular Attempted assassination Texas Revolution Panic of 1837 Judicial appointments
Early career of Andrew Jackson
Early_career_of_Andrew_Jackson
United States Supreme Court cases
Safety Fund System, 1829–1842 Bank War, 1832–1836 Coinage Act of 1834 Specie Circular Civil War Era (1840–1870) Wildcat banking (1836–1865) Forstall System
Legal_Tender_Cases
United States congressional subcommittee
Safety Fund System, 1829–1842 Bank War, 1832–1836 Coinage Act of 1834 Specie Circular Civil War Era (1840–1870) Wildcat banking (1836–1865) Forstall System
Pujo_Committee
Presidency Project". www.presidency.ucsb.edu. Retrieved February 28, 2021. "Circular from the Secretary of the Treasury to Receivers of Public Money and to
List of executive actions by Andrew Jackson
List_of_executive_actions_by_Andrew_Jackson
US copper-nickel three-cent coin (1865–1889)
and nickel could not be purchased with cents, but only for greenbacks or specie. Linderman strongly advocated a redemption law to relieve the glut of small
Three-cent_nickel
adapted a free banking system while Louisiana set up a banking system with specie reserve requirements. The Forstall System propelled Louisiana to economic
Forstall_system
1833 South Carolina state law nullifying the Tariffs of 1828 and 1832
Georgia Economic policy: Bank War Senate censure Pet banks Hard money Specie Circular Panic of 1837 Tariffs: 1832 1833 Sectional conflict: Nullification
Ordinance_of_Nullification
Creek Indian child adopted by Andrew Jackson
Georgia Economic policy: Bank War Senate censure Pet banks Hard money Specie Circular Panic of 1837 Tariffs: 1832 1833 Sectional conflict: Nullification
Lyncoya_Jackson
1913 United States law creating the Federal Reserve System
War of 1812 led to inflation. Banks were allowed to waive redemption in specie while forcing their debtors to repay as usual. In 1816, the U.S. Congress
Federal_Reserve_Act
Series of United States dollar banknotes
a second front. The United States Department of the Treasury suspended specie payments and banks in New York City stopped redeeming paper money for gold
Fractional_currency
1836 US Indian War
Georgia Economic policy: Bank War Senate censure Pet banks Hard money Specie Circular Panic of 1837 Tariffs: 1832 1833 Sectional conflict: Nullification
Creek_War_of_1836
Retired US currency banknotes
their own banknotes. Privately issued banknotes were nominally backed by specie (hard money) or financial securities held by the banks but oversight of
National_Bank_Note
U.S. agreement with the Chippewa, Odawa, and Potawatomi tribes
War pet banks Nullification crisis "King Andrew the First" Censure Specie Circular Attempted assassination Texas Revolution Panic of 1837 Judicial appointments
1833_Treaty_of_Chicago
British legislation regulating colonial money in America
owned. Each year, the supply of specie in the colonies decreased due to international factors. The dearth of specie rendered it ineffective as a means
Currency_Act
Mintage figures of the United States half dollar up to 1963
Safety Fund System, 1829–1842 Bank War, 1832–1836 Coinage Act of 1834 Specie Circular Civil War Era (1840–1870) Wildcat banking (1836–1865) Forstall System
United States half dollar mintage figures
United_States_half_dollar_mintage_figures
travel, tourism, insurance
SPECIE CIRCULAR
SPECIE CIRCULAR
SPECIE CIRCULAR
SPECIE CIRCULAR
SPECIE CIRCULAR
SPECIE CIRCULAR
SPECIE CIRCULAR
SPECIE CIRCULAR
SPECIE CIRCULAR
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