How did President Jackson attempt to deal with the currency problems that were triggering an economic downturn as early as 1836?

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President Jackson decreed that public lands could only be purchased with "hard" or metallic currency. This was an attempt to stabilize and strengthen the value of currency by promoting the use of precious metals like gold and silver as a means of payment. This policy, known as the Specie Circular of 1836, ultimately led to a contraction of credit and the worsening of the economic downturn.

How Did President Jackson Attempt to Deal with the Currency