ipl-logo

How Did Jackson Deal With The Nullification Crisis

491 Words2 Pages
bulb-icon

Recommended: Analysis of andrew jackson veto on bank

Andrew Jackson took office in 1829, but had shortly after that had to deal with the Nullification Crisis. When he was dealing with these conflicts he became concerned about the economic problems. After the Nullification crisis was over he got many federal authority. Although he got this authority he was not comfortable with the other greater federal power, which was the Second Bank of the United States. He even stated that he wanted it to die “I will kill it”, he said making it very clear he wants it done. This leads to the topic, why did Jackson want to destroy the bank?

Well first I need to tell you what the second bank was and what kind of roles it played in the economy. They had the power to act exclusively as the federal government's financial agents. The bank did many other things like half federal deposits, made transfers to federal funds between states, and dealt with payments or receipts involving the federal government. The bank was given a 20 year license which meant they had the power to be open. By this we can observe Jackson's reasons for saying they had too much power, but what was he going to do about it? …show more content…

The grist things he did was to veto the new charter. The next thing he did to make the bank weaker was to move the governments money around many state banks. Since he always believed in the common man he tried to put more power in the individual state banks instead of making the one bank even more powerful. After this he ordered Americans to use gold and silver instead of paper money when it came to buy land owned by the government. This way he could reduce what the bank had control of because nobody was going to use the money provided by the bank so their power over them would be

Show More
Related

The Blunders Of Nicholas Biddle In The Bank War

929 Words | 4 Pages

With these issues arising, the public became more aware of the fact that the Bank held too much power that even its advocates were unable to deny (Schlesinger 75). Jackson gave a message to Congress in 1829 that implored the legislature to recognize the unconstitutionality of the present Bank and to set reform for the Bank into motion if Congress agreed that the Bank was necessary (Remini 61). Jackson’s presentation made the president’s position clear and put the declaration of the unconstitutionality of the bank into public records. Had Biddle honestly investigated these allegations against the Bank, people would be certain of the Bank’s good intentions instead of viewing the Bank as power-hungry and unjust. Because Biddle stubbornly refused this compromise of investigation, the public became weary of the Bank’s power which Jackson would use to veto the recharter of the Bank and still maintain public

Read More

Nullification Crisis Dbq

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.

Read More

How Did Andrew Jackson Not Like The Bank

198 Words | 1 Pages

War on national banks/economic decision: Jackson did not like the bank he said that the bank was unconstitutional Jackson hate on bank became a big issue in the presidential campaign of 1832 Henry Clay said that Andrew Jackson wanted to much power as the president When Andrew Jackson became president again he thought that that meant that the public approved his opinion on destroying the national bank on Andrew Jackson second term his goal was to destroy the bank before its charter ended in 1836 eventually the bank went out of business Jackson won the war but the economy was the victim. Andrew Jackson ended up getting rid of the National Bank and with the money that was in the bank he took it out and gave the money to a lot of smaller banks

Read More

Compare How Democratic Was Andrew Jackson Dbq

526 Words | 3 Pages

In document L it states "It sows... the seeds of jealousy and ill-will against the government of which its author is the official head." This means the bank was housed be both senete and house and Jackson didn't want

Read More

Examples Of Andrew Jackson The First One To Actually Move The Indians

257 Words | 2 Pages

Andrew Jackson hated the national bank. The national bank had too much power, he had people spy on the bank and Jackson found out that when they gamble and lose they charge the bank. But when they win the all split it in evenly between them. So he said by the

Read More

Why Did The First Bank Corrupt

223 Words | 1 Pages

Andrew Jackson believed the banks to be corrupt which is the reason that he declared war on them. The First Bank’s charter ended in 1811, so with the War of 1812 and no bank, the country suffered financially and many people were in debt. That’s why in 1816, another bank was chartered and it became known as the Second Bank of the United States. Eventually, the bank grew and had supreme economic power with over 35 million dollars in capital. Most of the money was put into it by investors whereas some was put into it by the government that owned one-fifth of the bank.

Read More

How Did Andrew Jackson Impact The Common Man

417 Words | 2 Pages

Jackson 's push to abolish national banks other wise known as "the bank wars" was one of his more well known pushes for small government. In 1832, Jackson had vetoed a bill calling for an early renewal of the Second Bank’s charter, but renewal was still possible when the charter expired

Read More

Compare And Contrast Andrew Jackson Vs Henry Clay

965 Words | 4 Pages

Andrew Jackson was very against the growth of the new upcoming banking system in the

Read More

President Jackson's Policy Toward The Second Bank Of The United States

1718 Words | 7 Pages

In the presidential election of 1832, the existence of the national bank is a huge topic because the second bank of the United States would expire its charter at 1836. The president Andrew Jackson won the election and he accused the bank. The citizens supported Jackson’s policy toward the second bank of the United States that Jackson insisted to finish the bank. The biggest question is how the President Jackson persuaded the citizens. The major three reasons the bank should finished is that the huge power of the bank, foreign

Read More

How Democratic Was Andrew Jackson Dbq

274 Words | 2 Pages

From what I read and what he said, I thought it sounded like he didn’t want to shut down the United States Bank. And then in Document 5, Webster acted like Jackson should put an end to the bank by saying, “It manifestly seeks to inflame the poor against the rich, it wantonly attacks whole classes of the people, for the purposes of turning against them the prejudices and resentment of the other classes.”

Read More

How Did Andrew Jackson Transform The Economy

628 Words | 3 Pages

President Andrew Jackson had a strong view on the American economy. He mistrusted many policies and in his time in office drastically changed them to suit his views and ideals. After winning the 1828 election against John Quincy Adams and the 1832 election against Henry Clay, Jackson’s time in office was unquestioned. In his administration, Jackson’s economic policies led to the Panic of 1837 and transformed the American banking system. Jackson’s view on economy lead him to instate acts that significantly transformed the system of American economy such as the abolition of the second Bank of the United States.

Read More

Andrew Jackson Dbq

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.

Read More

Did Andrew Jackson Promote Democracy

817 Words | 4 Pages

In the document “Jackson Battles the Bank”, it shows Jackson fighting off a monster, or the national bank, with a veto stick. Jackson was fighting to destroy the national bank. He wanted to do this because it favored the rich and not the common people. He was fighting for people to have equal rights. Instead of having no bank at all, he came up with the idea to create state banks which wouldn’t be as powerful as the National Bank.

Read More

Andrew Jackson A Hero

1012 Words | 5 Pages

One of the biggest thing that Jackson had done as a president was in 1832. Jackson vetoed a bill that would renew the second bank charter early. Jackson stated “I will kill it!”. He said this because he didn’t like the bank at all and he believed that it made the rich richer and the poor poorer. He said in his veto message “It is easy to conceive that great evils to our country and its institutions might flow from such a concentration of power in the hands of a few men irresponsible to the people.”

Read More

Andrew Jackson Dbq

759 Words | 4 Pages

Jacksonian America Andrew Jackson rose into a self made man and was president for two terms. He ran on the platform of being a common man and his opening the White House to every man seemed to symbolize the era of the Common Man. He and his followers claimed to be guardians of the constitution, and held a fixed position, meaning that they believed the constitution should not change. He also claimed to be a guardian of political democracy, although during his years as president, he did not expand the franchise to vote. Jackson believed in a democracy that would not be corrupted by “special privilege” and ruled by the eastern elitists.

Read More

More about How Did Jackson Deal With The Nullification Crisis

Related Topics

Open Document