Which term refers to hard coins made of gold or silver in the economic views of Jacksonian Democracy?

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Prepare for the UCF AMH2010 U.S. History Exam 2. Master key historic concepts with flashcards and multiple-choice questions. Get exam-ready!

Specie money refers specifically to hard coins made of gold or silver, which were highly valued and widely accepted in trade and commerce during the era of Jacksonian Democracy. This term encompasses the belief that only tangible metals, such as gold and silver, could provide a stable and trustworthy medium of exchange. In the context of Jacksonian Democracy, this idea was significant, as it reflected the movement's economic philosophy which emphasized hard currency to ensure financial stability and limit the influence of paper currency, which was associated with inflation and economic uncertainty. The emphasis on specie money also aligned with the populist ideals of Andrew Jackson and his supporters, who were wary of banks and paper money that could potentially devalue the currency.