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The Specie Circular Was

Question 29

Multiple Choice

The Specie Circular was


A) a bulletin put out by Nicholas Biddle to let Americans know how the National Bank was doing.
B) an executive order stating that the federal government would no longer accept any paper currencies, but only gold or silver.
C) responsible for the withdrawal of most of the gold and silver out of the nation's banks, with only New York and Philadelphia banks able to continue to function.
D) a government decision that led to much land speculation in the West.
E) a direct result of the Market Revolution and the unsettled economic times.

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