Analysis Of Andrew Jackson 's ' The War Against The Bank Of United States '

918 WordsOct 30, 20154 Pages
TWhich group would have supported this depiction of Jackson? As a result of his unfaltering decision to prevent economic nationalism, most notably seen through his war against the Bank of United States, Andrew Jackson drew a heavy amount of opposition from those in favor of a nationalized economy, who viewed him as a tyrannical leader frequently making unilateral decisions based on his personal grudges. Jackson constantly opposed the concentration of power in regards to the economy. This could be exemplified by Jackson vetoing the congressional measure that would fund the Maysville Road in Kentucky, hence the paper titled “Veto” in his hand in the picture. However, his real autocratic behavior was shown by his vendetta against the Bank of the United States, where he campaigned endlessly against the renewal of its charter. This stemmed from his experience-based fear of banks that didn’t support bank notes with gold or silver, meaning that he was part of the hard-money opposition. His war against the Bank was amplified by a personal feud with Nicholas Biddle. However, that personal disagreement had ramifications for the rest of the American population; Jackson pulled the government’s deposits from the Bank of the United States despite the warnings of his two secretaries of treasuries (that were replaced until he could find someone who would allow him to carry out his action), and Biddle - furious - called in loans and raised interest rates, which resulted in a slight
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