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To: Siena Dreaming
"his policies ending up causing depression."

No, this has been completely disproven. I hate his policies, but Peter Temin (The Jacksonian Economy) has shown that international silver flows---which dried up in the early 1830s and then the effects circled the globe to raise British interest rages---cause the depression. Virtually all economic historians, including Libertarians like Richard Timberlake, pretty much give Jackson a pass.

117 posted on 06/10/2011 6:51:16 AM PDT by LS ("Castles made of sand, fall in the sea . . . eventually." (Hendrix))
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To: LS
has shown that international silver flows---which dried up in the early 1830s and then the effects circled the globe to raise British interest rages---cause the depression

I'm not sure why the fevered speculation in State banks after Jackson dissolved the Central Bank wouldn't have played a factor.

A case could be made that depression could very well have been avoided or at least mitigated had Jackson not dissolved the Bank in favor of his "agricultural republic".

122 posted on 06/10/2011 1:49:14 PM PDT by Siena Dreaming
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