The Specie Circular contributed to the Panic of 1837 because it ...

[londonang]

Question 1

In the 1990s, the Japanese economy
 
  a. declined because of economic depression the United States which thus no longer had the financial income to purchase Japanese exports.
  b. faced the increasing competitive nature of American firms in the global marketplace.
  c. prospered considerably because of the group nature of Japanese society which guaranteed life-time employment.
  d. declined because of the value of the yen rose which hurt exports.
  e. expanded considerably more than did Communist China during the same decade.

Question 2

The Specie Circular contributed to the Panic of 1837 because it
 
  a. increased inflation.
  b. lowered interest rates.
  c. encouraged rampant speculation.
  d. greatly reduced the amount of currency in circulation.

[joechoochoy]

Answer 1

d

Answer 2

D

[londonang]

Thanks

[joechoochoy]

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