President Jackson's decision not to recharter the Second Bank of teh United states and his issuing of teh Specie Circular had the effect of
a. making money available to develop the factory system
b. forcing the United States to cancel loans to France and Great Britain
c. centralizing financial power in the United States
d. strengthening federal power over state power
e. contributing to the Panic of 1837
Ans: e. contributing to the Panic of 1837
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