Andrew Jackson Failure

1792 Words4 Pages
bulb-icon

Recommended: Andrew jackson bank issue

As his presidency continued, Jackson developed the desire to bring down the Second Bank of America. President Jackson was highly dissatisfied with the manner in which the bank was operating. According to him, the bank did not support the reforms that he had wanted in the United States (Wilentz, 2005). Therefore, he made up his mind that the destruction of the bank was the only realistic way of dealing with the bank. This was one of the most memorable political wars that took place in the United States in the era of Andrew Jackson. There were numerous reasons that also piled up the motivation for Jackson to collapse the bank (Jon, 2008). Some of the reasons that led to the development of the desire to bring down the bank include a combination of the financial challenges that he was experiencing, the fact that he had roots from Tennessee and his perceptions on the rights of the state. The bank acted as the ultimate financial power-house and this led to a big effect on the stability of the economy of the state because it was the fiscal policy …show more content…

There were a series of insults from the senate directed at Jackson. One of the insults included the fact that the senate declined to approve the new Treasury secretary who was appointed by Jackson (Wilentz, 2005). As a result, Jackson filed a protest with the senate apparently saying that the bank had abused its power in numerous occasions. Jackson changed his efforts into convincing the people on the reasons why he was taking his actions. He expressed his desire to oppose all the monopolies of the government in order to enhance the financial stability of the country which was one of the reasons he was against the bank. Jackson once again explained that he was very proud of all the activities he was engaging and that they were for the interest of the country and the

Show More
Related

  • Andrew Jackson And The Search For Vindication Summary

    420 Words  | 1 Pages

    As the author of Andrew Jackson and the Search for Vindication, James C. Curtis seems to greatly admire Andrew Jackson. Curtis pointed out that Jackson was a great American general who was well liked by the people. As history shows, Andrew Jackson had his flaws; for example, he thought the National Bank of the United States was going to kill him but he was determined to kill it first. He resented the Bank because he thought it was the reason for the Panic of 1819. Andrew Jackson was elected to the presidency in 1824 after first being nominated in 1822. He was sixty-one when he was elected the seventh president of the United States.

    Read More

  • DBQ On Jacksonian Democrats

    487 Words  | 1 Pages

    One of the Jacksonian Democrats’ attempts to reduce the influence of the rich was by vetoing the charter to the Bank of the United States. Jackson stated his reasons in Document B mainly as a precaution of...

    Read More

  • Pros And Cons Of Andrew Jackson

    820 Words  | 2 Pages

    In the summer of 1832 and Congress renewed the Bank’s charter even though it wasn’t due until 1836. Jackson hesitated to approve of the charter, so Henry Clay and Nicholas Biddle went on the offensive to attempt to persuade Jackson to pass the bill. Jackson, having had his opinion on the banks cemented by Clay’s presence in the organization, then committed to de-establishing the Second National Bank. He waged war against Biddle in particular to make sure Biddle lost power. He vetoed the bank bill, and after winning the race to be reelected, he closed Biddle’s bank. He ordered his Secretary of the Treasury to move money from the Second National Bank to smaller, state banks. When Congress returned from its summer recess, it censured him for his actions. In 1836, Bank of US was dead, and the new democratic-congressmen expunged Jackson’s censure. Because Jackson had no formal plan for managing the nation’s funds after the Second National Bank closed, it caused problems in Van Buren’s administration. He destroyed the Bank of the United States, in the main, for personal reasons. Jackson hated the bank before his presidency because as a wealthy land and slave owner he had lost money due to its fiscal policies. He believed that Congress had no right under the constitution to charter a

    Read More

  • Andrew Jackson and the Bank War

    2332 Words  | 5 Pages

    The validity of President Andrew Jackson’s response to the Bank War issue has been contradicted by many, but his reasoning was supported by fact and inevitably beneficial to the country. Jackson’s primary involvement with the Second Bank of the United States arose during the suggested governmental re-chartering of the institution. It was during this period that the necessity and value of the Bank’s services were questioned.

    Read More

  • Jackson Should Be Removed From the Twenty Dollar Bill

    953 Words  | 2 Pages

    Recognizing the injustices president Andrew Jackson performed, Americans have considered the dispute over the removal of Jackson 's face from the twenty dollar bill. The real question remains why place America 's figures in iconic positions based on fame? Benedict Arnold is famous, yet he was a traitor to America . Why not place figures that contributed to the well-being of the country and upheld humane morals? Jackson 's administration only improved the system, initiating the progress toward a modern democratic government. Under President Jackson, the elimination of voter property qualifications allowed a variety of citizens from different social classes to elect government officials 1. Jackson also ended the national banks that resembled the greedy monopolies of the late 1800's 1.

    Read More

  • Jacksonian Democracy Dbq

    1046 Words  | 3 Pages

    Jackson was a strong opponent of the unequal and aristocrat dominated economic structure of most of America. He was very against the Bank of America because he believed it to have a monopoly on banking and felt that it was owned and run unjustly by wealthy aristocrats who were not always Americans (B). It must also be noted however, that while the Bank of America was undoubtedly corrupt (Nicholas Biddle is known to have given sums of money to close friends, and was also known to regularly bribe newspapers and similar media.) it also did what it was supposed to do very well. It provided money and credit to many of the lower classes that Jackson defended, and also was the source of much economic growth. As a result of this veto Jackson established pet banks in many Western areas to try to appease his main group of supporters and build up the rivalry between the agrarian South and West and the industrial North (C). Many immigrants found that one of the first things they discovered upon entering America was a sense of economic equality and lack of poverty, which are exactly the things Jackson was working towards (D). The case Charles River Bridge v. Warren Bridge decided that a charter given a person or group to do a service does not allow that group to have complete rights over this service. This decision supports the Jacksonian Democracy ideas that the rights of the community are more important than the rights of business (H).

    Read More

  • How Democratic Was Andrew Jackson Dbq

    589 Words  | 2 Pages

    The bank would be more for the rich and the foreign, but have no benefits for the poor. Jackson’s political rival, Daniel Webster, believes that this letter from Jackson showed just how evil Jackson was. Webster does not think Jackson was vetoing for the good of the people, but to ‘stir the pot’. By Jackson sending this letter, it causes a stir between the rich and the poor. The poor would feel imbalanced against the poor, and arguments would rush out.

    Read More

  • Andrew Jackson Dbq Essay

    580 Words  | 2 Pages

    Andrew Jackson was the seventh president of America who had a very unique time in office. Jackson advertised as being for the people of the United States but then his actions proved otherwise at later times. While Jackson did things for the people, he was as much of an autocrat as he was a democrat based upon the documents that were formed during his time in office.

    Read More

  • Andrew Jackson Dbq Essay

    878 Words  | 2 Pages

    Andrew Jackson was a man that people see that he is a good person and others say he is a terrible person. Andrew Jackson can be bad person and a good person it depends what type of person is Andrew Jackson is he going to help out the world or is he going to mess up the world? Democracy is a form of government were the people have a right to assist in the law making process. If Jackson didn’t support the people and wasn’t in the government the bank and the people would be in a huge mess. Andrew Jackson was very democratic and there are political , economic and geographic ways to prove it.

    Read More

  • Jacksonian Democrats vs. The Whigs

    1451 Words  | 3 Pages

    The issue of whether or not America should have a National Bank is one that is debated throughout the whole beginning stages of the modern United States governmental system. In the 1830-1840’s two major differences in opinion over the National Bank can be seen by the Jacksonian Democrats and the Whig parties. The Jacksonian Democrats did not want a National Bank for many reasons. One main reason was the distrust in banks instilled in Andrew Jackson because his land was taken away. Another reason is that the creation of a National Bank would make it more powerful than...

    Read More

  • Jacksonian Era Bound By Morality

    1978 Words  | 4 Pages

    Old Hickory himself, President Andrew Jackson, knew the importance of having the common man behind him in a democracy; even if in reality he was not behind the common man. Jackson, who sought divine intervention, used the loyalties of believers to push through his agenda against the banks. The banks became “the evil giant” (the Goliath) that sought to destroy this new country along with its citizens. Jackson used his knowledge of religion to gain support and public opinion as he convinced them that his motives were righteous. In Harry L. Watson’s book, Liberty and Power, he wrote;

    Read More

  • Andrew Jackson: A Man of Contradition

    2209 Words  | 5 Pages

    Andrew Jackson has been described as a great hero of his time and a man who was atrocious and would destroy the Union. Andrew Jackson accomplished a great number of things during his life but some of his actions were quite questionable. Looking from the present to the past gives insight into areas where the events can be examined more objectively. However, it is vital when examining past events to keep in mind the mindsets of the past. People had a different point of view and a different perspective than the current one. This must be kept in the forward part of the mind to understand the actions of those in the past. This paper will serve as a guide into the life of Andrew Jackson, his trials and tribulations, decisions and contradictions. From the beginning of his life, he was headstrong and that would lead him straight into the history books.

    Read More

  • Andrew Jackson: The People's King

    835 Words  | 2 Pages

    To some people Andrew Jackson is remembered as the, metaphorically speaking, “People’s King” and is accused of dictator-like political moves. However, Andrew Jackson was quite the contrary, he was exalted amongst the people for being the new era of democracy: instilling a political revolution, the protection of the American people, and social equality among the masses. Therefore, Andrew Jackson was a precedent of democratic rule in the United States.

    Read More

  • Andrew Jackson's Presidency

    518 Words  | 2 Pages

    Andrew Jackson was like no other president before him. The previous presidents had one thing in common, they were all part of the founding fathers or in John Quincy Adam’s case was the son of a founding father. However Jackson was a plantation owner from the west who had no connections with the government. He also had different views from other presidents that made his presidency unique. Two things that separated Andrew Jackson’s presidency from previous presidencies were he reached out to the common people and he was disapproving of the Bank of United States.

    Read More

  • The Jacksonian Democratic Party

    1410 Words  | 3 Pages

    In fighting against an aristocratic economic overtake, like many before, the Jacksonian Democrats were vehemently opposed to the encroachment upon individual economic equality. For Andrew Jackson, that threat was the Second Bank of the United States. Criticizing the National Bank because, “it appears that more than a fourth part of the stock is held by foreigners and the ...

    Read More

More about Andrew Jackson Failure

Open Document