Search Results

SORT BY: PREVIOUS / NEXT
Keywords:1837 

Discussion Paper
Crisis Chronicles: The Man on the Twenty-Dollar Bill and the Panic of 1837

President Andrew Jackson was a 'hard money' man. He saw specie--that is, gold and silver--as real money, and considered paper money a suspicious store of value fabricated by corrupt bankers. So Jackson issued a decree that purchases of government land could only be made with gold or silver. And just as much as Jackson loved hard money, he despised the elites running the banking system, so he embarked on a crusade to abolish the Second Bank of the United States (the Bank). Both of these efforts by Jackson boosted the demand for specie and revealed the soft spots in an economy based on hard ...
Liberty Street Economics , Paper 20150508

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

N2 1 items

FILTER BY Keywords

1837 1 items

Bank of the United States 1 items

gold 1 items

hard money 1 items

jackson 1 items

panic 1 items

show more (2)

PREVIOUS / NEXT