What caused the Panic of 1837? O a) President Jackson killed the Second Bank of the United States by moving federal deposits to state banks. O b) Congress increased the number of state banks that would receive federal deposits. O c) The Specie Circular, which required federal land purchases to me made in specie, drained hard currency from eastern banks. d) All of the above

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What caused the Panic of 1837?
a) President Jackson killed the Second Bank
of the United States by moving federal
deposits to state banks.
O b) Congress increased the number of state
banks that would receive federal
deposits.
O
c)
The Specie Circular, which required
federal land purchases to me made in
specie, drained hard currency from
eastern banks.
O d) All of the above
Transcribed Image Text:What caused the Panic of 1837? a) President Jackson killed the Second Bank of the United States by moving federal deposits to state banks. O b) Congress increased the number of state banks that would receive federal deposits. O c) The Specie Circular, which required federal land purchases to me made in specie, drained hard currency from eastern banks. O d) All of the above
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