AP US History vocabulary list: Difference between revisions

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* the panic followed a speculative boom that was fueled by land sales, cotton exports, and extensive inflows of silver from the US, Mexico and China
* the panic followed a speculative boom that was fueled by land sales, cotton exports, and extensive inflows of silver from the US, Mexico and China
* President Jackson's dismantling of the Second Bank of the United States led to a disorderly unwinding of its assets and operations;
* President Jackson's dismantling of the Second Bank of the United States led to a disorderly unwinding of its assets and operations;
* and Van Buren's Specie Circular of 1836, which was intended to halt speculation in land sales, dried up credit and helped spark the Panic
** however, the Bank itself contributed to the speculative bubble through issuance of paper money and loose oversight
* the Jackson administration's "Specie Circular of 1836," which was intended to halt speculation in land sales, dried up credit and helped spark the Panic
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