Andrew Jackson 's President Of The United States

Another reason why Andrew Jackson’s presidency was different was because of his attack on the Bank of the United States. In 1832, Andrew Jackson vetoed the bill to recharter the bank. Jackson believed the bank had an unfair advantage over the other banks. The national bank would get all the federal tax revenues instead of the state or private banks. Also the bank’s president, Nicholas Biddle would extend loans to the men in the congress at lower rates of interest than he would do to regular people. Because Jackson thought the bank was unjust he took away its federal charter and the bank became a state bank. Jackson appointed a secretary of treasury after his reelection in 1832. The secretary of treasury placed all government funds in certain state banks, otherwise known as the pet banks. The national bank became the Philadelphia bank for a while until it went out of business.

President Jackson acted undemocratically because of his actions against the national bank. On July 10th, 1832, Jackson sent a bank veto message to congress. The message was sent to remove the US National Bank because it was only helpful for a wealthier class for things like investments. Citizens from wealthier classes were outraged by Jackson’s actions. Former senator Daniel Webster replied to Jackson message saying, “It manifestly seeks to

In addition to creating a more democratic country, Jackson also tried to establish equal economic opportunity for the people of America. The best example of this is the vetoing of the charter of the Bank of the United States. The bank was a huge monopoly. It was ran by aristocrats, most of which were from England. Nicholas Biddle, who was the president of the bank, often used funds from the bank to lend money to the members of Congress, thus wining their support.

Andrew Jackson was the seventh president of the United States. His presidential term was from March 4, 1829 to March 4, 1837. Jackson was not about banks. Jackson hated the idea of the Second Bank charter renewal. One of Jackson’s famous quotes was; “The Bank… is trying to kill me, but I will kill it.” Jackson’s opinion of the Bank of the United States was that it was dangerous to the liberty of the people. Jackson’s opposition to banks became like an obsession. In 1832, Jackson vetoed the bill calling for an early renewal of the Second Bank’s charter even though the renewal was still possible when the charter expired in 1836. In order to prevent that from happening, Jackson set out to reduce the Bank’s economic power. Jackson acted against the advice of many congressional committees and several cabinet members. On October 1, 1833, Jackson announced that federal funds would no longer be deposited in the Bank of the United States. Jackson began placing the

Although Jackson was a hard money supporter, he was sensitive to his many soft money supporters, and made it clear that he would object to renewing the charter of the Bank of the United States, which was due to expire in 1836. When Jackson could not legally abolish the Bank of the United States before the expiration of its charter, he weakened it by removing the government’s deposits from the bank. Jackson fired two of his secretary of treasury when they refused to carry out the order because they believed that such an action would destabilize the financial system. Jackson got Roger Taney to carry out his order. Taney took the deposits out of the Bank of the

Moreover, Andrew Jackson greatly facilitated the transfer of power from “the few” to “the many” in the US. In Jackson’s Bank Veto Message to Congress in July of 1832, he stated that the rich were monopolizing the country’s domestic exchange by “bending the acts of government to their selfish purposes.” (Document 4). Jackson argued that with so much money and power, the corrupt rich were influencing the government to allow them domination over the many people who could not match their authority. The few, selfish rich citizens felt no duty or responsibility to their country so they committed great evils to promote their own status. For this reason, Jackson wanted the Bank of the United States vetoed so that this corruption could be ended at once and the rich would not be able to use the Bank for their egotistic intents. The BUS had been standing since Alexander Hamilton proposed it in the early 1800s, so it was outlandish for Jackson to propose its veto, but he was truly doing it for the people. The following day after Jackson’s message, Daniel Webster issued a reply to it. In his reply, Webster claimed that Jackson was controlling the poor and arousing them against the rich (Document 5). While this does seem like an immoral action for one to

Nicholas Biddle proved great opposition to President Jackson. He wanted to re-charter the National Bank; however, many people were against Biddle’s decision. This was particularly true of people in the west. They were still wary of a national bank, after the Panic of 1819, which involved mishaps in land speculation. Jackson shared the predominately western opinion that several small banks would be a better service to the nation than one, large bank would. A major problem with a national bank would lie in it’s willingness only to make loans to the wealthy. This would be of no use to the middleclass. Jackson would not allow Biddle to gain any more power than he already had.

In addition to creating a more democratic country, Jackson also tried to establish equal economic opportunity for the people of America. The best example of this is the vetoing of the charter of the Bank of the United States. The bank was a huge monopoly. It was ran by aristocrats, most of which were from England. Nicholas Biddle, who was the president of the bank, often used funds from the bank to lend money to the members of Congress, thus wining their support.

Andrew Jackson, whose presidential term lasted from 1829-1837, was the first president to ever be chosen by the people to lead. Because he was not born into a rich family, people felt that they could relate to him better. He too preferred supporting the common public over the wealthy aristocrats. During Jackson’s period in office he was able to shift the majority of power in the United States to farmers and small businesses in the western part of the country. Jackson vetoed many bills in order to benefit common people and also created the spoils system to balance out his cabinet. Like Jefferson, Jackson was extremely opposed to the Bank of the U.S., believing that it would only make the wealthy even

Jackson resented banks because he was a man who came from a family of poor farmers who paid with goods and crops. He saw banks as only useful to the wealthy, so when Henry Clay proposed “The Bank Bill”, which was in favor of the recharter, Jackson vetoed it. Andrew Jackson only thought about himself, and people who were like him, poor farmers. In total, vetoed twelve bills during his presidency, which was more than all of the preceding presidents combined. Again, Jackson set his mind to do something, and it was done.

With the Jackson administration into office, the Second Bank of the United States became threatened. President Jackson had a private prejudice that wasn’t party policy (Schlesinger 74). He hated banks, all banks, but he especially hated the Second Bank of the United States. He viewed all bankers as “little more than parasites who preyed upon the poor and honest working people of America” (Roughshod 2). The reason for his hatred most likely stemmed from his near ruin as a businessman (land speculator, merchant, and slaver trader) when in the 1790s he accepted some bank notes that turned out to be worthless. From then on, he never trusted anything but hard money, or specie (Roughshod 2).

Economic developments were important to the period, such as in 1832 when Andrew Jackson vetoed the renewal of the Bank of the United States’ charter and the congress failed to overturn the veto. This led to Jackson successfully weakening the bank’s power. Jackson then won the next election, despite attempts from supporters of the bank.

Andrew Jackson, the seventh president of the United States, should be impeached because he has crossed over the boundary lines of Separation of Power and abused his executive power, using it for personal gains in resolving the issue with the National Bank. The First National Bank was established by the founders of our country, including George Washington and Alexander Hamilton. This Bank was used to place America’s federal funds to pay off all our debt. It has benefited the country’s economy, allowing it to flourish after fighting the American Revolution and the war of 1812. Despite the evident benefits of having the National Bank, Jackson justified his dislike for this establishment with his own experiences. He felt that his previous involvement

Nicholas Biddle ran the Bank in 1823 and it has made an impact on the United States. Many people supported the Bank of the United States but Jackson did not support it at all. Jackson believed that the power of the federal government should be reduced and yet was supreme over individual states. He also named the bank as a “monster”; Jackson set his goal to destroy and to basically get rid of the bank. In his opinion, the bank was no good and was only making the federal government stronger.

Conventionally, the United States bank had been operated by a board of directors with connections to industry and manufacturing. These businessmen favored the industrial and urban Northern United States. Jackson believed that the bank and those who were in charge of it held too much authority and as a result could cause financial destruction to the country for their own benefit. Jackson was adamant in granting equal privilege to the common man, which gained the vote and support of many. However, Jackson also had many enemies, mostly businessmen in favor of the bank, who fought against Jackson’s veto. Jackson, however, was successful in the removal of all federal funds from the bank on September 10, 1833. Jackson’s success did not come without consequences, however, as he became the only President to ever be censured by the Senate for his actions. Although, the censure was expunged at the end of his second term, the criticism did not