... issue of notes. Most state banks began lending indiscriminately without the specie to back it up. Specie was the value of the bank's paper money, held in gold and silver in its vaults. Nonetheless, this period of financial excess could not have been expected to last forever, ... England legislature was John Quincy Adams, the son of John Adams who was the second president of the Union. He had abdicated from the Federalists to the side of the Jeffersonians in 1807. Adams was a professional statesman with limited electoral experience but he hoped to lead the nation ... and exaggerated the b...

• Word Count: 3716
• Approx Pages: 15
• Has Bibliography
• Grade Level: High School

... Smith, a theology student, wrote the patriotic poem "America," to be sung to the tune of the British National Anthem. C. The New York Herald Founded-(1835) "The New York Herald," a penny paper intended to have, according to its publisher, James Gordon Bennet, "industry, good taste, brevity, variety, point, and piquancy," was founded on May 6, 1835. XII. Major Technological Advances A. Revolver- (1835), Samuel ... ...

• Word Count: 3842
• Approx Pages: 15
• Grade Level: High School