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Analysis of Jackson and the bank war
Chaoter 9 us history the jacksonian era
Analysis of Jackson and the bank war
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Calling the Jacksonian Period the era of “the common man” is misleading. During
most of this period, the “common man” struggled financially, politically, and socially. A
major defect in the characterization of this period is that the Jacksonian’s definition of a
“common man” was not very common at all. In fact, this characterization excluded the
common majorities of society such as women, blacks, and indians. Predominately, all roles
in society were held exclusively by middling to wealth white men. A few brave women
showed their frustration with the rigidly stratified social structure in the United States by
declaring“We hold these truths to be self-evident: that all men and women are created
equal;” Although the Jacksonian period has been celebrated as the era of the “common
man,” this characterization proves superficial in regards to economic development,
political progress, and reform movements as is seen in the financial Panic of 1837, the
increase in national and executive power, and in the inability of the anti-slavery and
woman’s right’s movements to aid common men and women during this era.
Although Jacksonian tried to help the “common man” through his economic
practices, his decisions proved to be self-centered and disastrous for the future American
economy. By Jackson’s presidency, the second Bank of the United States, or the B.U.S., had
become one of the most powerful institutions in American because it help to control and
stabilize the economy. However, many common people in the South and West favored
state banks over the centralized federal bank. President Andrew Jackson whole-heartedly
sided with the South and West since he believed that not just the the B.U.S. but all banks
wer...
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... or state’s. Clearly, even though Jackson tried to democratize
the government so that the common man could vote, he paid little attention to his interests
when they came in conflict with his own or the government’s.
From these examples, it becomes clear that the Jacksonian era cannot, in all honesty,
be called or celebrated as the age of the “common man.” True, a few advances were made
during this period through the democratizing of the government, the downfall of the B.U.S.
and the increase of educational opportunities, but these revisions in society did not
drastically change the problems at hand, and sometimes even caused them. In addition,
because the Jacksonian period failed to deal with the problems of the common indians,
slaves, and woman in America, it is more correctly named the “era in which the white,
middle-class men had the advantage.”
It is agreeable that the Jacksonian Democrats perceived themselves as strict guardians of the United States Constitution. It is not agreeable with how they went about preserving the political democracy, individual liberty, and equality of economic opportunity they stood for. While trying to create this balance, Jackson used tactics favorable only to his opinion. Jackson’s main idea was to rid of aristocracy, giving the power to the poorer classes, standing against rich white men. The flaw in their scheme was that the people who came up with this idea were all rich white men.
Based on the following doctrines, I believe the extent of characterization of the two parties was not completely accurate during the presidencies of Madison and Jefferson, because of key pieces of evidence that proves inconsistencies during the period between 1801 and 1817. In the following essay, I will provide information supporting my thesis, which describes the changing feelings by each party and the reasoning behind such changes.
However, Daniel Webster in his response to Jackson’s veto message (Document C) refuted Jackson pointing out the personal interests Jackson vested in this political decision. Jackson a big supporter of the expanding west wanted easily accessible credit to allow for faster speculation of land which the Bank of the United States failed to provide. Jackson was spurred to fail the re-charter of the Bank to solidify his support within the South and the West and to issue a backlash to nemesis Henry Clay who had proposed the re-charter of the bank and had prevented Jackson from obtaining presidency in 1824 by supporting John Quincy Adams. Although, Jackson justified his veto of the Bank of the United States as a action meant to uphold the Constitution in reality it was used to politically secure
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
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.
Jacksonian Democrats help create a more democratic America and because of this, believed themselves to be many things, real and fictional. In most cases they perceived themselves as defenders of equal economic opportunity, even though they sometimes put their own interests before those of the people. They also thought of themselves as guardians of political democracy, while at the same time using class differences to their advantage and emotionalized speeches, lacking real intellectual merit, to stir support. Jacksonian Democrats felt that they were the protectors of the Constitution and of individual liberties but many times they put their rivalry with the Northeastern industry and Whig politics before these things. While Jacksonians have much correct in their view of themselves as guardians of political democracy, equal economic opportunity and individual liberty, they were often more important in developing these concepts than protecting them.
The men who wrote the American constitution agreed with Thomas Hobbes that humans were naturally evil. Therefore, they agreed that in order to prevent a dictatorship or monarchy, the citizens should have influence in the government. The writers wanted a more ideal constitution, but they realized evil human motives would never change. One of the main goals of the constitution was to create a balanced government that would allow the citizens to prevent each other from being corrupt. The writers wanted to give citizens liberty, but they did not want to give people so much liberty that they would have an uncontrollable amount of power. The writers agreed that a citizen’s influence in government would be proportionate to that individual’s property.
Since the banks had been removed, Jackson had nowhere to put the money, so he gave it to the states(“npr.org”).The states then started printing massive amounts of money, which caused the economy to enflate drastically(“npr.org”). In an effort to slow this down, Jackson required that all government land sales be done with gold or silver (“npr.org”). However, this caused the economy to crash. After that, we went into a depression, which we were only able to get out of by borrowing more money which has left us with a debt that we have not repaid since (“waltercoffey.com”).
Thomas Jefferson and Andrew Jackson were two very influential figures in American political history. Even though they both were in two different eras, they shaped the American government and the way people think about it. They both have similarities, but they do have differences as well that includes political rights, religious rights and even economic rights.
Women, like black slaves, were treated unequally from the male before the nineteenth century. The role of the women played the part of their description, physically and emotionally weak, which during this time period all women did was took care of their household and husband, and followed their orders. Women were classified as the “weaker sex” or below the standards of men in the early part of the century. Soon after the decades unfolded, women gradually surfaced to breathe the air of freedom and self determination, when they were given specific freedoms such as the opportunity for an education, their voting rights, ownership of property, and being employed.
Jacksonians proved to be both guardians and violators of the Constitution, political democracy, individual liberty, and economic opportunity.
Andrew Jackson is one of the most controversial presidents. Many regard him as a war hero, the father of the Democratic Party, an inspiring leader, and a spokesman for the common man. While there is plenty to praise about the seventh president, his legacy is tarnished by his racism, disregard for the law of the land, cruelty towards the Native Americans, and ruthless temper. Jackson was an intriguing man who was multi-faceted. One must not look at a singular dimension, and cast judgment on him as a whole. To accurately evaluate one of the most complex presidents, it is crucial to observe Jackson from all possible angles. Prior lifestyle, hardships in life, political ideology, lifestyle of the time, political developments, and his character
government. He said the people had an absolute right, to rebel against any government that
Topic: Jacksonian Democrats viewed themselves as the guardians of the United States Constitution, political democracy, individual liberty, and equality of economic opportunity.
Deborah Gray White in Aren’t I a Woman: Female Slaves in the Plantation South theorizes that black women in the plantation south were the most vulnerable group in early America. These were black women in a white Southern society, slaves in a free American society, and women in a society ruled by men which gave them the least power and the most vulnerability in the plantation south. Their degradation was the result of American stigmas that understood black women as being promiscuous, licentious females who had high birth rates as well as a high pain tolerance. Although black women were seen as a part of the weaker sex, they were not seen as being as not seen as ineffectual. These women were sold for their abilities that include, but are not