/biz/ - Business & Finance

>>57091671
Among these policies and developments were the passage of the Coinage Act of 1834, actions pursued by Mexican President Antonio Lopez de Santa Anna, and a financial partnership between Biddle and Baring Brothers, a major British merchant banking house.[307] British investment in the stocks and bonds that capitalized American transportation companies, municipal governments, and state governments added to this phenomenon.[308]

In 1836, President Jackson signed the Deposit and Distribution Act, which transferred funds from the Treasury Department’s budget surplus into various deposit banks located in the interior of the country. The treasury secretary could no longer regulate lending requirements in the deposit banks as a result of this legislation. Soon afterward, Jackson signed the Specie Circular, an executive order mandating that sales of public lands in parcels over 320 acres be paid for only in gold and silver coin. Both of these measures diverted precious metals from the Atlantic Coast to western regions, leaving the nation’s financial centers vulnerable to external shocks

The price of cotton steadily declined during Jackson's second term. In late 1836, the Bank of England began denying credit to American cotton producers. The Bank's directors raised interest rates from three to five percent and restricted some of the open trade practices that they had previously granted to American import merchants. The directors had grown alarmed that their specie reserves had dwindled to four million pounds, which they blamed on the purchase of American securities and poor harvests that forced England to import much of its food (if food imports created a trade deficit, this could lead to specie exports). Within months, cotton prices entered a full free-fall.[317][318][319]

In May, New York banks suspended specie payments, meaning that they refused to redeem credit instruments in specie at full face value

>>56456286
Just bought some interesting propaganda coins. Can’t wait to have the coin autists interpret.

>>55815937
not read all that

>>55665071
I’m just larping as a pirate

>>53889169
>>53889192
>>53889223
>picrel

>>53794226
>>53794249
>>53794258
whats becoming more obvious is that RC has other interests and it might be contrary to what wants retail investor. If that guy doesnt want moass you will not get moass i can assure you of that.

>>53782884

>>53677719
I never read shitty ass preddit dd. I only care about what gets posted here.

>>52767222
>Might I suggest reading a book?
IF YOU MUST.

>semantics
didn'tn't'st've read'nt as you cannot admit your wrongs hence useless discussion as usual

>>51619402

>>51514368

>>51332482

>>51323415

>>51318651

>>51220735
>Words words words

>>50940885

>>50859459
>>50859573
Nice Reddit Spacing. Now back to work wagie.

>>50828554

>50719353

Bla bla bla words words words

>>50572777

>>50353598