Which of these was NOT a reason for the depression of the late 1830s? O A) Land sales increased in the West O B) Jackson's 1836 Specie Circular O C) State banks issuing too many loans OD) English banks stopped loaning money to the U.S. banks
B The economic depression of the 1830s occurred because of a series of poor decisions made by Andrew Jackson and state banks. Andrew Jackson disliked the national bank and, in 1832, vetoed the extension of its charter