/biz/ - Business & Finance

QUARTERLY BUSINESS TAXES ARE FILED AND DONE FOR THE YEAR. I AM CAUGHT UP ON THE BACK END OF MY BULLSHIT. I CAN NOW START DOING MARKETING RESEARCH FOR THE NEXT DESIGN:
>p.s. please fill out this little doodad form so I have a better idea of what to produce for the next themed bullion
https://forms.gle/ptdK5vUbRodG4v896

>>59463810
>CHERIBUM
You are the first person to recognize this typo!!! I am leaving it in but that is a great catch! you should do editorial approval at some newsrag!
>>59463783
>huge profits
If you show me where these are I will kiss you on the mouth.

>>59396571
>Jackson expressed his willingness to recharter the Bank or establish a new one, but first insisted that his "experiment" in deposit banking be allowed a fair trial

>Jackson insisted that the circular was necessary because allowing land to be purchased with paper would only fuel speculator greed more, thereby worsening the crisis. The circular, he claimed, was necessary to prevent excessive speculation

The Coinage Act of 1834
>The coinage Act of 1834 redefined the U.S. Eagle coin (ten U.S. Dollars) as containing 232 grains of fine gold, compared to 247.5 grains in the prior Act. This fixed the official basis of the dollar as $20.69 per troy ounce.

>The pure silver content of the silver dollar was left unchanged at 371.25 grains.

>It raised the silver-to-gold weight ratio from its 1792 level of 15:1 (established by the Coinage Act of 1792) to 16:1 thus setting the mint price for silver at a level below its international market price.

>Specie Circular requiring that payment for the purchase of public lands over 320 acres be made exclusively in gold or silver

>On January 1, 1835, Jackson paid off the entire national debt, the only time in U.S. history that has been accomplished.

>private banks was forced to be chartered by the state. Only allowed to have branches in a single state. Unlike federal banks

>>February 1836, the Bank became a private corporation under Pennsylvania commonwealth law. This took place just weeks before the expiration of the Bank's charter. Biddle had orchestrated the maneuver in an effort to preserve the institution rather than allowing it to dissolve.

>A bank run came to a head on May 10, 1837, when banks in New York City ran out of gold and silver. They immediately suspended specie payments, and would no longer redeem commercial paper in specie at full face value