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    Making America
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    Exam 12: Responses to Expansion and Change, 1828-1848
  5. Question
    The Specie Circular Contributed to the Panic of 1837 Because
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The Specie Circular Contributed to the Panic of 1837 Because

Question 54

Question 54

Multiple Choice

The Specie Circular contributed to the Panic of 1837 because it


A) increased inflation.
B) lowered interest rates.
C) encouraged rampant speculation.
D) greatly reduced the amount of currency in circulation.

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