The Legacy Of Andrew Jackson

Jackson escalated this so-called "Bank War" in 1833 when he removed federal government funds that were on deposit with the BUS and distributed them to loyal state banks. That’s not right of him to do that, in my opinion it doesn’t matter if he’s president or not. It posed as a threat to him and he feared for his own power. Jackson did not even like paper money anyways. He preferred to use coins instead, so putting him on money he wouldn’t even approve of us using is idiotic.

This quote by Jackson underlies the fact the he was a selfish, tyrannical ruler. He did not make decisions based on the interests of the whole nation but on his own personal benefit, in search of self- achievement. Although he was portrayed or possibly manipulated the citizens to believe that he was a president for the common man, that was simply not the way he acted. As president, he purposely ignored the power of the Judicial branch to judge laws, and strengthened the power of the Executive branch above the limits in the Constitution. He was also said to be rude and uneducated, which

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.

Jackson sees himself as a commoner because of his background as well as his limited education. Jackson’s image was most important to the common man. Jackson was born an orphan who through his own work became a successful general and won the battle of New Orleans in the War of 1812. Jackson was a champion of the common

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.

Jackson firmly believed in quality of economic opportunity, which he showed several times throughout his presidency. He believed the national bank helped the wealthy elite and that state banks would help the common man more. Also by

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

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

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.

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.

Jackson was a supporter of the working class; he was viewed as a true liberal democratic. The Second Bank appeared to be monopolistic and aristocratic. This did not coincide with Jackson’s views on politics, economics, and society. Jackson did not

The guidelines for the way the United States was governed were set in the Constitution. Jackson believed that his responsibility was to do what the people wanted since the people were the ones

The Bank was not beneficial, however, for Western speculators who had an excessive amount of money on loan and, in the late 1820s, were feeling the crux of leveling-off land prices. Since the Bank did not benefit Jackson's constituency, Jackson vetoed the bill that would permit a recharter of the Bank, proclaiming that the institution was in the hands of a few negligent elites. However, intellectuals like Daniel Webster saw the lucidity of this corruption of industry and agrarian conflict. Webster's retort shames Jackson for converting a political issue into an emotional dilemma. Still, Jackson claimed that the rights of individuals were at his protection, not the welfares of Western speculators.

What was Andrew Jackson’s problem with the 2nd U.S. Bank? At first he was concerned with the Bank’s constitutionality but it eventually evolved into a quest to kill the Bank. When the Bank first started out it was given $35,000,000 and by the time Andrew Jackson became President the Bank was run by Nicholas Biddle. Daniel Webster and Henry Clay had to file for the Bank to be chartered again. When Andrew Jackson heard this he said to his Vice President “The Bank is trying to kill me sir, but I shall kill it!” (Andrew Jackson) His reasons behind his hate for the bank were a combination of his past financial problems, his Tennessee roots and his view on states’ rights. For letting his past experiences get the better of him he