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Andrew Jackson Dbq

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Andrew Jackson, one of the most controversial presidents in history, was elected in 1828, beating his opponent John Quincy Adams. Jackson won in what is referred to as a landslide, since he beat Adams with an electoral vote of 178 to 83. The American people overwhelmingly trusted Jackson, which is evident based on the amount of support Jackson gained from voters. So, therefore, from his win, Jackson was expected to serve according to the oath he swore at his inauguration stating that “he would preserve, protect, and defend the Constitution of the United States.” However, many Americans, past and present, speculate whether or not Jackson upheld his responsibilities as president. Andrew Jackson, by his actions while president of the United States, …show more content…

Jackson disliked the National Bank because he believed it would “make the rich richer and the potent more powerful” (Jackson). Jackson also was not fond of the idea that a quarter of bank stocks were held by foreign investors, leading them to be successful based off the bank’s success, not Americans. Last, Jackson deemed the National Bank unconstitutional. Jackson concocted a plan to destroy the bank which consisted of Jackson ordering his Secretary of Treasury to withdraw all the money from the bank and putting it into State “Pet” Banks. With the National Bank in loss of money, they recalled the loans, but the people who withdrew the loan were not in the financial place to repay the money quite yet. In effect, hundreds of businesses closed and devastatingly hurt the American economy. “The growing speculation over the purchase of land using paper currency, led President Jackson to try and slow down the economy by issuing an order which forbade the Treasury to receive anything but gold or silver in payment for public land” (“President”). With this, land was not bought as often and Jackson took the specie from the National Bank and put it in his pet banks, which began to suffer, as well. As the economy utterly crashed, America entered a five year depression called the Depression of 1837. Again, Jackson failed to live up to his oath because in destroying the National Bank, he did not “promote the general welfare” of the American

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206 Words | 1 Pages

During his second term, in the spring of 1833 after being distracted by the Nullification Crisis did he again focused on destroying the Bank. He withdraws the government’s money from the bank and was places in the state banks on September 25, 1833 by the ordered of the Treasury in the beginning of October. Biddle, in effort, countered that the Bank will ceases the offering loans nationwide which cause the nation to a near-panic since the state banks were unable to meet the demands of their loans. Despite that, Jackson becomes even more determine to stop the Bank. He pushes toward the use of “hard” currency in 1834.

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267 Words | 2 Pages

Andrew Jackson wanted and even gave everyone equal economic opportunity by lessening monopoly with his bank veto. However, the financial panic of 1837 was caused by two of his plans, these include pet banks and Specie Circular. People in favor of the national bank proposed a renewal bill for the Second National Bank's charter. Jackson was not necessarily opposed to central banking as much as he was to the idea of the Second National Bank. By opposing the bill, the Second Bank expired and the US would be without an official bank for many years.

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1447 Words | 6 Pages

Andrew Jackson had a very forceful personalities and didn’t stop for nothing to get what he wanted. This created many political opponents throughout his lifetime. One of the most significant political rivals would be Nicholas Biddle, the president of the Second Bank of the United States. Biddle had accomplished a lot while being in charge of the bank, however he watch all of his success crumble down when Andrew Jackson refused to recharter the bank. Jackson vetoed the bill to recharter the bank as well as causing an economic depression.

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179 Words | 1 Pages

Jackson’s battle with the Bank created an economic crisis for the nation by causing inflation and, consequently, unemployment. To begin, in 1832 President Andrew Jackson transferred funds from the Bank of the United States to state banks because his party disagreed with the existence of a national bank. One of the reasons Democrats disliked that the Bank of the United States was that they thought it did not give out many loans, to purposely keep the value of money low. However, they were mistaken. When state banks gained the funds, they began giving out a lot of loans.

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634 Words | 3 Pages

Jackson in general is unfavorable to the idea that foreign stockholders will not be reported to the secretary of treasury, therefore they will not be taxed and subsequently be worth more than their American stockholder counterparts. But most of all, Jackson highly opposes the federal bank because it violates the ideals the country was made of. Those ideals of equality, are not present in the proposition. In the following quote by Jackson, it is evident that he opposes the new charter because the bank has personnel he deems to have special interests. “It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes.”

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317 Words | 2 Pages

Andrew Jackson not only merely disliked the banks, but was against them so much that he and his supporters resorted to calling them “Monster Banks”. Jackson tried, and succeeded, to close the Bank of the US during a conflict we know today as the Bank War. This bank war sparked the stock market crash and even a depression. Without the bank, the paper money that people were given had

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628 Words | 3 Pages

He mistrusted paper money greatly, as well as believed in power to the common people. Andrew Jackson feared the Bank’s power. He was afraid of the Bank becoming stronger and lending that power to the elite without holding accountability towards them, something he believed great powers should have; accountability. Jackson specifically stated that he believed the Bank made “the rich richer and the potent more powerful.” Jackson liked the so-called farmer’s economy since it motivated people to be hardworking and independent.

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399 Words | 2 Pages

While the Bank of the United States created under Hamilton’s Federalist economic policy favored the wealthy New England elite, Andrew Jackson’s refusal to recharter the BUS in 1832 was not only personal in nature, but harmed the populace he claimed he was helping and representing, which resulted in economic downfall. Jackson was a strict constitutionalist who had a past with banks. Like many western Americans, he fell prey to land speculation and blamed banks for his economic woes and near imprisonment. He did not see the value in having a national bank due to his suspicion of its policies. His prejudice against the Bank led him to ignore the benefits the economy reaped as a result of the federal regulation of currency and credit.

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1124 Words | 5 Pages

In fact, the reason he took apart the bank was to defend the common people and their profits. For one thing, the bank would give loans to the rich with intention to help their company flourish, but refused to loan the farmers more land to grow crops in which is their source of income. Therefore, the common people would be deprived of food and would constantly struggle to feed their family while the affluent who already have heaps of money are given more to purchase luxuries. Clearly this disparity was unjust, due to this Andrew Jackson ordered the secretary of treasury to transfer all federal deposits from the bank and put the money into the state banks during 1833. Another essential point is that Andrew Jackson exemplified strong leadership qualities as he frequently listened and understood the people's concerns.

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780 Words | 4 Pages

Jackson did not trust banks for many reasons, one being because he wanted actual money and not paper, another was the Panic of 1819 when the economy collapsed and many families lost their jobs and homes. With these reasons adding up, Jackson did not want a National Bank in America, so he vetoed to better America in his vision. Henry Clay tried to trap Jackson when he did this, trying to make him look wrong for this veto, which angered Jackson greatly. Clay then gathered his supporters and created the Whig party to stand again Jacksonian principles. The Whigs favored Congress over Executive branch which is why they had so many supporters upset from Jackson’s veto.

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1001 Words | 5 Pages

Jackson believed that the bank was an unjust way for the federal government to have complete control over the American money supply. Because of his conservative opinions, which made him want to limit the power of the federal government, Jackson did not agree with the government having this amount of power, causing him to join several groups made up of bank critics that shared his same opinions. In his attempt to sustain the National Bank system, Jackson vetoed many bills that were created in order to give the government more power of the people’s money. His vetoes pleased many Americans as America was largely made up of conservative people in this era. Jackson knew that if he could “kill” the National Bank, it would leave the power of banking in the hands of the state governments, effectively increasing the amount of influence the people of each state had on their

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200 Words | 1 Pages

Andrew Jackson , the seventh president of the United States, won the hearts of Americans. He cared for his country, but not the outsiders who lived on the land. Andrew Jackson was elected to the office in 1828. He originally lost and election to John Quincy Adams in Congress, but won the popular vote (Background Essay). At the time, the question “Is our government democratic?

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625 Words | 3 Pages

Jackson spoke out for the people raging that their voices weren't heard; after this outlash the people soon started to ask the question; how democratic is Jackson? After Jackson lost the election he became determined to create a new era of democracy in America. Through the next four years, after Electronic Jackson told the people that he would listen to them and fulfill their wishes. Finally, after telling the people that he would fulfill their wishes, Andrew Jackson was elected president in 1828.When people asked how really democratic was Jackson, his thought of real democracy was “ All branches and agencies of the government and including the president, congress, and national bank, and even the supreme court has to

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511 Words | 3 Pages

But at the time Jackson's position on the Bank was not antagonistic. He was concerned about the Bank's constitutionality and the general stability of paper money in place of gold and silver. But soon after that happened Jackson started to dislike the bank even more. He started by doing strong attacks against the Bank in the press. Then Jackson vetoed the Bank Recharter Bill.

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448 Words | 2 Pages

All his attacks caused brutal reactions of his political enemies and even claim that the president destroyed the national stability and the American economy. Regardless of all of the reactions, Jackson still remained remorseless and eventually vetoed the renewal of the Bank’s charter in 1832. Jackson intended to conclude,”Equality of talents, of education, or of wealth cannot be produced by human institutions”(Source 4). He believed that the rich and powerful are the only ones able to take advantage of the bank. Andrew Jackson wanted more benefits to the common people and get rid of the things that divided the elites and

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