Andrew Jackson “The bank … is trying to kill me. But I will kill it!” (Appleby, 349). Andrew Jackson did not oppose central banking. Even though Jackson did some terrible things like removing the Indians to the west for more land, Jacksons Democracy also helped strengthen the U.S. Jackson should not be in the Presidential Hall of Fame for all he did to help strengthen the country, and fix corrupted banks. Andrew Jackson became Suspicious of all the banks, and paper money issues. Jackson was a anti-bank candidate. Jackson also believed that the nations coins should consist only gold or silver coins minted by the treasury and any foreign coins they choose. Henry Clay and Daniel Webster were planning to use the banks against Andrew Jackson presidential election. They used the banks against him because he was going against the banks, and they did not like him to much. Pro-Bank members of congress produced a renewal bill for bank charters, but Jackson vetoed it. In 1832 the bank played a large part of the election. There strategy for for gaining support on Henry …show more content…
When the indians were being removed to the west over 4,000 cherokees died. These indians died because the U.S wanted more land which was not right because they were here first. This was called “The Trail of Tears”. On May 28 1830 two years later after Andrew Jackson was elected as the president, he signed the Removal Act. Before the Cherokees left their land they refused. In 1832 a group of Native Americans called the Black Hawk led by Sauk Chieftain led a group back to their hometown in Illinois They wanted to recapture their homeland. When trying to recapture it the Illinois state militia and federal troops went and responded with force. They chased them to the Mississippi river and slaughtered almost all of them. Before all of this Jackson was elected as president in
Jackson and the Democratic Party believed in limiting the influence of the federal government, with more power lying with the states. While in office, Jackson used his executive power to veto laws more times than any other president before him. One of these veto choices involved allowing the Second National Bank charter to expire. Jackson believed that the national bank only helped the wealthy, not the common people in America. He removed all the money from the national bank, transferred it to the states, and let the charter expire.
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
Andrew Jackson By:Tyanne Moody My opinion is that Andrew did a good thing with the Philadelphia Bankers. Because with the way that they would charge the bank if they lost and kept the money when they won. They were just keeping it to themselves and if they didn’t catch them when they did then the bank would have owned more money than they already did. Andrew was the one to save Thousands of lives by catching the bankers.
Knowing this, Clay thought to renew the Bank’s charter early in 1832 instead of 1836. He did this because he knew that Jackson was going to run for reelection in 1832 and he thought for sure that Jackson would never vote down a bill that would help the country dramatically if he was trying to win over the people of the United States. Jackson detested the bank so much that he vetoed the bill for an early renewal of the bills charter, “but renewal was still possible when the charter expired in 1836; to prevent that from happening, he set out to reduce the bank’s economic power”(Foner, Garraty). To diminish the banks power Jackson made an executive decision that he had
Andrew Jackson was very against the growth of the new upcoming banking system in the
After winning the battle, he took on two other causes that would come to define his presidency. First came the nullification crisis, which reinforced and reflected the growing hatred between Jackson and Calhoun, and the second issue was related to finance. Jackson’s battle against Calhoun and nullification was immediately concealed by his political showdown with the Second Bank of the United States. When Andrew Jackson assumed presidency, the bank was regulating the nation’s currency supply to the satisfaction of most members of the financial community and the economy was enjoying relative stability. Jackson argued that it concentrated power in a private corporation, so he opposed the
“The Bank of the United States was established in 1791 to serve as a repository for federal funds and as the government’s fiscal agent. Initially proposed by Alexander Hamilton, the First Bank was granted a twenty-year charter by Congress in spite of the opposition of the Jeffersonians to whom it represented the dominance of mercantile over agrarian interests and an unconstitutional use of federal power.” (Bank of the United States, par. 1) The main supporters of the Bank of United States were the businessmen and those who were involved in industry.
Jackson’s opponents have often labeled him as King Andrew the first, arguing that he had repeatedly disregarded the separation of powers and had overstepped the constitution (Document E/3). This was especially true when Jackson had vetoed the renewal of the Second Bank of the United states. Because all previous vetoes lied on the question of constitutionality, his critics believed that Jackson had dismissed the bill solely because he personally found it damaging to the nation. But in the eyes of Jackson, his attack was justifiable because the national bank was a private institution, gave an extensive amount of power in the hands of few elites over the poorer lower classes of farmers and laborers. As a democratic leader, Jackson showed that he had wanted to do what would best benefit the non-native, American people and put the them as his first
He led campaigns against the Creeks that lived in southern states in the Florida-campaigns that resulted in the loss of land for the natives. Hundreds of thousands of acres of land became white farmer owned. Although the theft of their land was unfair, most natives didn’t object or fight the White Americans. When the Native Americans would be stripped of their land, they would be put into “Indian colonization zone”, which, now in present day, is known as Oklahoma. When Andrew Jackson became president, he signed the Indian Removal Act, which gave the government the power to take native land and send the Native Americans to the “Indian colonization
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
Andrew Jackson has been remembered as a ground breaking president, even being put on the $20. President Jackson was a controversial figure, doing many popular and unpopular things in his time. Although he is remembered as a hero from the war of 1812, he also caused the Trail of Tears and tried to destroy the National Bank. As a result, Jackson should not be put on the $20 bill. His actions have caused many misfortune showing that villains do exist.
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.
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.”
Andrew Jackson was a not a "great" president because he was a cruel and power hungry man who abused his power during his presidency. There is a big difference between being good and great. He was not our worst president, but was not the best either. Jackson was considered, and considered himself to be “the man of the people”. One example of why he gained that title was because he was the first president who was not a member of the Colonial Aristocracy.
Andrew Jackson was a good ole boy from Waxhaws region, which is between North Carolina and South Carolina. Scottish-Irish descent, “Old Hickory” was raised in a backwoods settlement where he acquired a mere elementary education. Despite growing up in poverty, Jackson as a young teen taught himself law for about two years and became a phenomenal lawyer in the state of Tennessee. He later on became the first the man to be elected as a representative in the House of Representatives for Tennessee.