Answer:
It's A. The banking system.
Step-by-step explanation:
The banking system is what Van Buren believed the strength of the American economy was based on. Martin Van Buren was the eighth President of the United States and served from 1837 to 1841. He was a key figure in the development of the American financial system and believed that a strong banking system was essential to a healthy economy. Van Buren was a supporter of the Independent Treasury System, which aimed to create a decentralized banking system that would prevent the concentration of wealth in a few hands. He believed that a strong banking system would provide the credit necessary for commerce and industry to thrive. The Specie Circular was a policy that Van Buren implemented during his presidency that required the government to accept only gold or silver in payment for federal lands, which was intended to support the banking system by preventing the circulation of paper money. However, it ultimately led to a financial crisis and contributed to Van Buren's defeat in the presidential election of 1840.
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