One of the most important chapters of Andrew Jackson’s presidency was his “war” against the Federal bank. Jackson's stubborn skepticism of aristocrat institutions escalated into a highly personal battle between and the president of the bank, Nicholas Biddle. Economically speaking Jackson strongly opposed federal power and did almost everything in his power to destroy the successful bank which he deemed a Monster. The actions of Jackson included defeating the bank’s supporters politically and crushing the bank itself economically.…
Jackson’s sweeping presidential victory in 1828 represented the political triumph of the New Democracy, including the spoils-rich political machines that thrived in the new environment. Jackson’s simple, popular ideas and rough-hewn style reinforced the growing belief that any ordinary person could hold public office. The “Tariff of Abominations” and the…
Nowhere was the democratic ideal depicted in the body of a man than in President Andrew Jackson. Elected as one of the more popular presidents of the early nineteenth century, the people’s choice of Jackson as a man who appealed to the interests and experiences of a cast majority reflected the democratic process on an honest scale. While its beauty and pure form remained generally housed in elections of the time, the democracy employed by Jackson, particularly in his economic politics, should also be viewed as a contribution to its early development in America. The pinnacle of Jackson’s economic dilemma found spiteful ground on the question of what to do about the Bank of the United States. The national bank itself had been established by somewhat democratic in the battle between sound economic standing Hamiltonians and limited government advocating Jeffersonians of the early 1800’s. Jacksonianism, which could be best characterized as Jefferson’s Republicanism thirty years later also, sought to limit the power of the federal government in hopes to secure more involvement of the states, and this the people, in the political process. Jackson held that the bank was not necessary, and that is was, moreover, not needed in a democratic America. Its operation often favored big business interest and stomped out farmers and westerner to who Jackson appealed. Though…
Explain Jackson’s economic and political motives for waging the bitter Bank War, and show how Jacksonian economics crippled his successor Van Buren after the Panic of 1837.…
He only served for two terms, He didn’t believe in permanent political parties, and he only vetoed a bill when it questioned constitutionality. Jackson’s Economic Policy broke one of those warnings and enhanced the development of American democracy for generations to come. Jackson believed, and many of his supporters, that the bank was far too powerful. The bank served mainly to private investors, and not the common people. In 1832 when Henry Clay, one of Jackson's political enemies, proposed an early recharter of the Bank of the United Sates he hoped to get rid of Jackson's wealthy supporters if Jackson vetoed the recharter, and if he passed it then the common man would feel betrayed. Andrew Jackson, immediately vetoed the recharter once it passed through congress. His veto of the recharter bill…
The president of the United States, one of the leading figures in the country, one who can make decisions and laws, some of which will determine the future of America for years to come, and one of their jobs is to help manage the country, especially in times of crisis. During the nineteenth and twentieth-centuries, many crises arose following the foundation of America, such as how Jackson managed the nullification crisis and preserved the Union, Abraham Lincoln’s approach to slavery issues with the Emancipation Proclamation, and the preservation of the Union once again during the Civil War, as well as Franklin Roosevelt’s New Deal during the Great Depression that brought America into a national recovery. These three significant leaders, Jackson, Lincoln, and Roosevelt, effectively managed the issues they were presented throughout their individual presidencies, and made decisions that positively affected the future of America and its welfare.…
In his veto message, Jackson did not question the ability of the bank to regulate currency and credit. What public policy objectives does his message attempt to advance?…
On the defendant side, Andrew Jackson is a hero saving us from the takeover of the national bank. First off, the Bank of the United States was a private institution accountable only to its elite circle of investors so in essence, the veto of the recharter did not infringe on the separation of powers. In the Tony D'Urso essay on the bank war he explains how since the bank had no higher entity to answer to, in time the power over the nation’s financial affairs would have enabled the bank to wield a great deal of political power. To some the bank seemed to go against the egalitarian credo of American Democracy. To Andrew Jackson, the bank was a monopoly where most of the stock was held by foreigners and in his veto message he states that his veto saved the government from evil and corruption.…
Andrew Jackson served as America’s seventh president from 1829 to 1837. Over the course of his presidency, he utilized his role as president to thwart many congressional actions through veto power, a power he used more than any president until his time. Jackson viewed himself as the sole champion of the people, standing in between congressional attempts to favor special interests. Nearly one hundred years after Jackson left office, Progressive president Franklin Roosevelt took office during a time of economic ruin. In line with ideas laid out by earlier Progressive presidents such as Theodore Roosevelt, Franklin Roosevelt believed that large corporations, and the eventual economic destruction they caused, simply could not be dealt with at a…
One of the disparities in the views and actions of the Jacksonian Democrats involved social equality. Jackson repeatedly held sectionalist views and did things that were better for the average, poor community than for the country as a whole. One such example of this is shown in Documents B and C involving the National Bank. In his National Bank veto message in Document B, Jackson says, "It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes." Jackson singles out the wealthier class and accuses them of being selfish. Because this ridiculous comment has no intelligent purpose other than to create an enormous, nationwide class clash, it must be seen as evidence that Jackson was a sectionalist. Daniel Webster responded to this message in Document C by stating, "It manifestly seeks to inflame the poor against the rich … for the purpose of turning against them [the other class] the prejudices and the resentments of the other classes." Daniel Webster is saying what was previously mentioned. It was as though Jackson was trying to anger the poor to turn against the rich. Jackson's actions show that his primary goal was not to help the country, but to address his own personal issues. This completely contrasts the Jacksonian Democrats view of themselves. The Jacksonians thought that they were acting in the best interest of the country, where they were truly thinking about their own needs.…
d. Henry Clay tried to challenge Jackson with the bank-recharter bill but Jackson vetoed it, denouncing it as a private monopoly. This caused the reelection of Jackson over Clay in the election of 1832.…
Andrew Jackson was a very well-known president. Some know him for the good he's done, some for the bad, and some because he is on the twenty dollar bill. Many of us do not know that Jackson lived a very eventful life. During Jackson's run for president a very personal subject came up about his past that impacted his life immensely.…
During this time, there was a drastic increase of voting rights. Before the Jacksonian Era, many times in order to vote, one had to own a large amount of property; however, Jackson fought for the common man, and eventually, all white men regardless of property ownership gained the right to vote. Furthermore, candidates began to campaign for the vote of the common man rather than that of the rich. This was called campaigning for the grass roots. In the past, the president was chosen by the rich and powerful in society, but Andrew Jackson proved that campaigning for the common man was a different but practical approach. This change occurred because more people could vote as there was less voter restriction and electoral college members began to have to support the choice of their state’s voters rather than their own preference. Moreover, during this period, Jackson ended the Second National Bank for the benefit of the common man. The bank supported the rich in New England but was a major area of mistrust and hatred for the north east among southerners and westerners. It also supported a strong central government over states’ rights. For these reasons, Jackson shut down the national bank in order to promote the ideas of the common man. Jackson supported Jeffersonian Ideals shutting down…
Also under Jacksonian Democracy came the new view of economics and society. The major dealing of Jackson was the defeat of the Second Bank of the United States. Jackson believed that since in the constitution, there was no justification to create such a bank, it was illegal. He also felt that having one large federal bank deprived state banks from a chance at survival. When the Bank's charter was up for renewal in 1832, Jackson naturally vetoed the recharter bill. He used his presidential veto quite freely. He states that the bank provides for the exclusive privilege of banking and concentration in the hands of few men. Eventually Jackson bled the bank dry of its funds and issued pet banks, similar to those proposed by the Jacksonian Democrats.…
The love of money, goes the old adage, is the root of all evil. Money, as well as desire for fame and power, is powerful catalysts that compel people from all walks of life to particular decisions, right of wrong. The love of money and the desire for fame and power are more powerful motivators than conscience itself. This principle, while cynical, is exemplified in both literature and history. The notion that power, money, and fame are more powerful motivators than conscience is illustrated in history, in the Jacksonian Bank Wars of the late 1830s. Andrew Jackson was a hot tempered man who would lash out against those who opposed him. Henry Clay encouraged the recharter of the Second National Bank of the United States. Clay knew that Jackson's opposition to the charter would lose votes for Jackson. Had Jackson followed his conscience,…