What was a consequence of President Jackson's 1836 order regarding land sales?

The correct answer highlights the economic impact of President Jackson's 1836 order, which was part of his financial policies that aimed to eliminate the use of paper money in favor of gold and silver. By mandating that land sales be conducted in hard currency, individuals began to convert their paper money into tangible assets, and as a result, this contributed to a decline in the confidence in paper currency. Consequently, people started to spend their paper money abroad, particularly on foreign goods.

This preference for spending paper money on imports reflected the broader economic issues of the time, including a lack of trust in financial institutions and the instability of the American currency system. The other choices do not correlate directly with the consequences of Jackson's land sale order: while cotton and grain markets did experience fluctuations, they were not directly tied to the land sales policy. Banks printing their own paper money and rapid growth in manufacturing were also outcomes of other economic conditions impacting the U.S. during this period, but they are not specific consequences of Jackson's 1836 actions regarding land sales.