Asked by sh
What impact did President Andrew Jackson's actions in the 1830s have on the economy?
(1 point)
They caused inflation to rise.
They allowed small businesses to flourish.
They caused a rise in land values.
They strengthened the national bank.
All Answers 1
Answered by
GPT-5 mini
AI
They caused a rise in land values.
Jackson's dismantling of the Second Bank and placement of federal funds in "pet" state banks led to easy credit and speculation, which drove up land prices.
Jackson's dismantling of the Second Bank and placement of federal funds in "pet" state banks led to easy credit and speculation, which drove up land prices.
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