Jackson's Attempts To Abolish Slavery In The United States

The controversy over slaves ultimately led to the secession. Abraham Lincoln thinks slavery is wrong and he wants to stop it from spreading. Earlier, he had warned that slavery could separate a nation. In the 1860 election Lincoln is elected, but southerners are worried he will end slavery forever. Southern states start to secede because they are worried. First South Carolina succeeds, then North, Texas, and then Florida too. They give themselves a new name called the Confederate States of America. (Wise...)

At the time, the United States contained twenty-two states, evenly divided between slave and free. In the years leading up to the Missouri Compromise of 1820, tensions began to rise between proslavery and antislavery factions within the U.S. Congress and across the country. They reached a boiling point after Missouri’s 1819 request for admission to the Union as a slave state, which threatened to upset the delicate balance between slave states and free states. To keep the peace, Congress came up with a two-part compromise, granting Missouri’s request but also admitting Maine as a free state. It also passed an amendment that drew an imaginary line across the former Louisiana Territory, establishing a boundary between free and slave regions that remained the law of the land until it was repealed by the Kansas-Nebraska Act of 1854.

He believed that the Bank has to be abolished due to several reasons. First of all, the bank concentrated the nation's wealth in a single institution which created an unhealthy for the economy monopoly. Second of all, he believed that the bank favored the wealthy over the common people. The third reason was that the bank had too much control over members of Congress. In other words, the subsidy of the bank to one particular party or the lack of the finance could influence the results of the elections at some point. And the bank also favored northeastern states over southern and western states. Thus, Jackson succeeded in destroying the Bank by vetoing its 1832 re-charter by Congress and by withdrawing U.S. funds in 1833. This action led to federal money being put into state banks who then loaned it out freely leading to inflation. State banks were issuing paper banknotes that were not backed by gold or silver reserves which led to rapid inflation. Moreover, the expansion of credit and speculation took place. As a result, state banks collapsed which was a cause of the Panic of 1837. However, despite the crisis and depression, the liquidation of the Bank was an achievement of Jackson’s presidency and led to trivial of the economy later on.

Also, the Democratic Party allowed for a more representative government and indicated a shift in power to the West to farmers, shopkeepers, and small-business owners who supported Jackson (Hart et al 260). Jacksonian democracy―the idea that common people should control the government―was also a result of the creation of the Democratic Party. Andrew Jackson’s decision to abolish the bank of the United States benefitted and changed the U.S. Jackson believed that the national bank was to the benefit of the rich, at the expense of farmers, workers, and smaller state banks (Hart et al 263). The bank also did not provide an opportunity for capitalists in the West and other regions (Hart et al 263). In 1832, Henry Clay pushed a bill through Congress to recharter the bank four years earlier than its expiration in 1836. Jackson vetoed the bill, claiming that the bank was an unconstitutional monopoly that existed to make the rich richer (Hart et al 263). Jackson

States in the North believed in free labor that emphasized on the inherent dignity of labor and equality among men. The Northern States thought that slavery as an unfair competition since it uses men as to get more money. They also feared that in the future the plantation owners who dominated and controlled the politics in the South may soon threaten democracy which the Northern States enjoyed. It is because of these reasons that the Northern States wanted to end slavery once and for all in America. Slavery was the main cause of the Civil War.

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

requested  for  admission  into  the  union  as  a  slave  state.  However,  the  issue  between  factions   of

In 1782 Americans won their independence from Britain in the American Revolution. After the colonies won their independence, Americans created the Constitution. Its purpose was to replace the Articles of Confederation and solve its problems and more importantly to bring the states together under a single document creating a stronger union of all the states. There was one problem though: there were a few fundamental issues that the framers could not agree on. In the early nineteenth century the United States began to split, but as the mid-century came around, people became more polarized in their views and the union started to separate drastically. During the period of 1850, until 1861 when the Confederate States of America was formed, the

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

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.

The Tariff of 1828 raised taxes and the Southerners did not like this at all. South Carolina threatened to leave the union if the taxes were not lowered. Calhoun wanted to nullify the taxes in South Carolina, but Jackson threatened to bring military forces to South Carolina to solve the problem.

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).

Although the “Age of Jackson” wasn’t a time era, which brought forth a great political, social, or economic freedom and equality to the U.S., it did in fact put our country through a metamorphosis in our political lives of the nation. The start of a new presidency (Jackson’s presidency) was accompanied by huge numbers of Hickoryites (Jacksonian supporters) and official hopefuls. Many of these hopefuls were granted their desire of holding office, which is one of the changes brought into Washington by Andrew Jackson.

The Bank of the United States was technically the second bank of the U.S. since the first bank’s charter ended in 1811. The second bank held a monopoly over federal deposits, provided credit to growing enterprises, issued banknotes that served as a dependable medium of exchange, and used a restraining effect on the less well-managed state banks. Jackson didn’t trust the bank and thought it had too much power, so Jackson sought out to destroy it. There were two different groups when it came to opposition, “soft-money” and “hard-money”. Soft money supporters were progressive, they believed in economic growth and bank speculation. They supported the use of paper money and were mainly made up of bankers and allies to bankers. Hard money supporters were against expansion and bank speculation. They supported coinage only and rejected all banks that used paper money, which included the federal bank. Jackson was a hard money supporter although, he felt sympathy to the soft money supporters. Jackson could not legally end the bank before its charter expired. By removing the