Which of the following best describes a consequence that Specie Circular had in the United States?

Question

It caused the Tariffs of 1828 and 1832 to be passed.
It caused widespread panic and started a depression.
It caused an increase in the use and printing of paper money.
It caused people to vote against John Quincy Adams in the 1828 election.

Answer 1

The best description of a consequence that the Specie Circular had in the United States is:

It caused widespread panic and started a depression.

The Specie Circular, issued by President Andrew Jackson in 1836, required that payment for public lands be made in gold and silver rather than paper money. This ultimately led to a decline in paper currency and contributed to economic instability, which manifested in the Panic of 1837 and subsequent depression.