All of the following Jacksonian economic policies helped cause or exacerbate the Panic of 1837 EXCEPT
A) the closing of the Second Bank of the United States limited the ability of the United States to control the currency or make credit available.
B) the issuing of the Specie Circular by the U.S. government in 1836 contributed to Americans' distrust of bank notes, causing a run on banks when the Panic of 1837 occurred.
C) Jackson's decision to pay off the entire national debt sent a great deal of U.S. currency to bond holders in Britain and reduced the currency available in the United States.
D) inflation and the loose, easy credit financial policies encouraged by the Jackson administration.
Answer: D
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