The Specie Circular (Coinage Act) was issued by President Andrew Jackson in 1836. It required payment for public lands be in gold and silver specie or hard money (not to be confused with the modern meaning of hard money). It was a reaction to growing concerns about excessive speculation of land in the West. Most of this speculation was being done with soft money, (again, not to be confused with soft money), so Jackson issued this order to protect the settlers who were being forced to pay much higher prices for land. As a result of this action, however, much paper money was instantly devalued, and the economy was destabilized. This executive order contributed to the Panic of 1837.
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Example Usage of Circular
a406traffic: [Cleared] Edmonton, eastbound at A105 Green Lanes ^ A406 Greater London - Traffic returned to normal and road cleared on North Circular Ro
s3ss: Accidente en Av. La Luna casi esq. con el Sol, si pueden evitar Circular x ahà #traficun
