Which of the following required land to be paid for in gold or silver, instead of paper money?
The Tariff of 1828
The Specie Circular
The Corrupt Bargain <This one I think?
The Nullification Convention
The correct option is B. The Specie Circular required land to be paid for in gold or silver, instead of paper money.
The Specie Circular refers to a United States presidential executive order issued by President Andrew Jackson in 1836 pursuant to the Coinage Act and carried out by his successor, President Martin Van Buren. The Specie Circular required that payment for the purchase of public lands be made exclusively in gold or silver.
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The correct answer is the "Specie Circular."
The Specie Circular was an executive order issued by President Andrew Jackson in 1836. It required that all public lands be purchased with gold or silver coins, rather than paper money or banknotes. This policy aimed to curtail the rampant speculation and inflation caused by the overprinting of paper money and to stabilize the economy by requiring payment in specie (precious metal).
To determine which of the following required land to be paid for in gold or silver instead of paper money, we can analyze each option.
1. The Tariff of 1828: The Tariff of 1828, also known as the "Tariff of Abominations," was a protective tariff imposed by the United States government. It was aimed at protecting American industries, but it did not involve land transactions or payment methods.
2. The Specie Circular: The Specie Circular was an executive order issued by President Andrew Jackson in 1836. This order required that public lands be purchased with gold or silver rather than paper money. Therefore, the Specie Circular matches the requirement mentioned in the question.
3. The Corrupt Bargain: The Corrupt Bargain refers to the alleged political deal made during the United States presidential election of 1824, in which Henry Clay purportedly used his influence to secure the presidency for John Quincy Adams. It does not involve land transactions or payment methods.
4. The Nullification Convention: The Nullification Convention was a meeting organized by the state of South Carolina in 1832 to discuss the issue of nullifying federal tariffs. It does not involve land transactions or payment methods.
Based on the analysis, the option that required land to be paid for in gold or silver instead of paper money is the "Specie Circular."