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The Specie Circular ( Coinage Act ) was an executive order issued by U. S. President Andrew Jackson in 1836 and carried out by succeeding President Martin Van Buren.
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Specie and Circular
Van Buren and Polk faced pressure to rescind the Specie Circular, an act that had been signed by Jackson to boost the economy.
On July 11, 1836, Jackson ordered Secretary of the Treasury Levi Woodbury to issue the Specie Circular.
Lobbying efforts, especially by bankers, increased in Washington in an attempt to revoke the Specie Circular.
* July 11, 1836: President Andrew Jackson issued the Specie Circular, beginning the failure of the land speculation economy that would lead to the Panic of 1837.
Some causes include the economic policies of President Andrew Jackson who created the Specie Circular by executive order and also refused to renew the charter of Second Bank of the United States, resulting in the withdrawal of government funds from that bank.
He proposed a law requiring payment for federal land in hard currency only, which was defeated in Congress but later enshrined in an executive order, the Specie Circular, by Jackson ( 1836 ).
He also blasted the Jackson administration for issuing the Specie Circular, requiring that all payment for government land be made in gold or silver.
When U. S. President Andrew Jackson issued his Specie Circular of 1836 due to credit shortages, Virginia Scrip was accepted as payments for federal lands.
In 1836, when President Andrew Jackson's veto of the recharter 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.
Second, in 1836 Jackson had issued an executive order called the Specie Circular which demanded that all land transactions in the United States be conducted in cash.
Because this money became so unreliable, Jackson issued the Specie Circular, which required all public lands to be purchased with gold and / or silver.
Specie and Act
Grant's reputation as president by 1875 was at an all-time high for his previous veto of the Inflation Bill, the passage of the Resumption of Specie Act, and Secretary Bristow's successful raids that shut down the Whiskey Ring.
Although there were initial scandals in his first term, Grant remained popular in the country and was re-elected a second term in 1872. Notable accomplishments as President include policies for the protection of African Americans in the Reconstruction states as well as Native Americans in the West, the Treaty of Washington in 1871, and the Specie Payment Resumption Act in 1875.
The Specie Payment Resumption Act of January 14, 1875, was a law in the United States of America which restored the nation to the gold standard through the redemption of previously unbacked United States Notes.
In June 1874, Congress officially capped the Greenback circulation at $ 382, 000, 000, and in January 1875, passed the Specie Payment Resumption Act, which authorized a contraction in the circulation of Greenbacks towards a revised limit of $ 300, 000, 000, and required the government to redeem them for gold, on demand, after 1 January 1879.
The next Congress moved in the other direction, with the Republican leadership making use to steamroller tactics in order to finally resolve the dual currency situation through passage of the Specie Resumption Act of 1875.
The party's platform focused upon repeal of the Specie Resumption Act of 1875 and the renewed use of non-gold-backed United States Notes in an effort to restore prosperity through an expanded money supply.
* 1874 – The Specie Payment Resumption Act provided for the redemption of United States paper currency (" greenbacks "), in gold, beginning in 1879.
Specie and was
Two weeks before she was born, her father was transferred to San Francisco by his employer, the Yokohama Specie Bank.
In 1890, he joined the Bank of Japan ( BOJ ), and in 1895 was appointed the chairman of the Yokohama Specie Bank.
Specie and by
Specie and .
The year 1879 found Sherman, now Secretary of the Treasury, in possession of sufficient specie to redeem notes as requested, but as this brought the value of the greenbacks into parity with gold for the first time since the Specie Suspension of December 1861, the public voluntarily accepted the greenbacks as part of the circulating medium.
Circular and Act
The Tripartite System was largely abolished in England and Wales between 1965, with the issue of Circular 10 / 65, and the 1976 Education Act.
A Circular No. 25 / 96 issued by the Permanent Secretary of the Ministry of Local government and Housing dated 30 October 1996 declared Chienge a new District Council pursuant to Section 3 of the Local Government Act No. 22 of 1996.
Circular A-123 is a re-examination of the existing internal control requirements for Federal agencies and was initiated in light of the new internal control requirements for publicly-traded companies contained in the Sarbanes-Oxley Act of 2002.
The Circular and the statute it implements, the Federal Managers ’ Financial Integrity Act of 1982, are at the center of the existing Federal requirements to improve internal financial controls.
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