How Did Andrew Jackson Contribute To The Downfall Of The Political Party

Political party systems were dead after the Federalists crashed and burned due to a series of mishaps. However, the detrimental institute of political parties was revived as a result of the Jacksonian era. This is due to contributions of a combination of major political personalities and economic issues. Therefore, the disagreements between various men over a vast amount of issues lead to the separation of the Demo-Repubs into two different parties - the Democrats and the Republicans. Political parties had been around for decades, even though George Washington left a specific warning not to form them. The two major political parties for awhile was the Demo-Repubs and the Federalist. After the Federalist’s downfall, however, there was only

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. To take away the bank's credibility that Nicholas Biddle worked so hard establish, Jackson withdrew all of the government’s deposits causing repercussions throughout the nation's economy. The issue over the national bank alone was enough to fuel another political party itself. Many were displeased by Jackson’s veto, however, Henry Clay sided with Andrew Jackson over the issue. “I believed a bank of the United States not necessary, and that a safe reliance might be placed on the local banks, in the administration of the fiscal affairs of the Government.” - Henry Clay. This

Andrew Jackson hated the National Bank just like Thomas Jefferson however he took it to a whole other level. Jackson - “He believed that an economy built on credit was inherently unstable and a person who made his money through speculation rather than the production of something real—like a crop or a manufactured good—was less independent and less virtuous. He believed that an economy that rested on the circulation of paper—inflated bank notes, stock certificates, and bonds —was unstable and morally suspicious.” Jackson’s opposal and killing of the National Bank caused an economic depression within the States. The Panic of 189 - “Banks throughout the country were unable to make good on customers' claims for specie and were forced to close their doors. Creditors foreclosed on deeply indebted farmers, city dwellers, and speculators who had bought cheap public land. Wages as well as prices dropped precipitously. Interest rates climbed and people moaned over the "scarcity of money."” Therefore giving reason for the formation for the two parties. The Republicans who supported the National Bank and blamed Jackson for the economic depression versus the Democrats who opposed the National Bank and blamed the bank for the economic depression. Jackson economic invision persisted of small farmers and artisans, therefore, he often opposed many dominant tendencies of the emerging