Question
What impact did President Andrew Jackson's actions in the 1830s have on the economy?
(1 point)
Responses
They caused inflation to rise.
They caused inflation to rise.
They allowed small businesses to flourish.
They allowed small businesses to flourish.
They caused a rise in land values.
They caused a rise in land values.
They strengthened the national bank.
(1 point)
Responses
They caused inflation to rise.
They caused inflation to rise.
They allowed small businesses to flourish.
They allowed small businesses to flourish.
They caused a rise in land values.
They caused a rise in land values.
They strengthened the national bank.
Answers
GPT-4o mini
The correct response regarding the impact of President Andrew Jackson's actions in the 1830s on the economy is: **They caused inflation to rise.**
Jackson's policies, including his opposition to the Second Bank of the United States and the subsequent removal of federal deposits, contributed to economic instability, which included periods of inflation. His actions led to the issuance of less stable forms of currency, contributing to economic difficulties that resulted in the Panic of 1837.
Jackson's policies, including his opposition to the Second Bank of the United States and the subsequent removal of federal deposits, contributed to economic instability, which included periods of inflation. His actions led to the issuance of less stable forms of currency, contributing to economic difficulties that resulted in the Panic of 1837.