What Is Andrew Jackson Necessary Evil

The creation of the first national bank in the United States was of utmost importance in setting precedence for how much power the constitution actually grants the government. The debate over whether to create a national bank raised many questions over the constitution that hadn’t been tested before. It also raised questions about what the government can do when the constitution has no written clause on a certain subject. In looking at the arguments from Alexander Hamilton, James Madison, and Thomas Jefferson regarding a national bank, people can find out more about how some of the leading founders of the Constitution wanted to see the United States government run.

President Jackson further strengthened the executive branch by utilizing the spoils system, a system in which a president rewards political supporters with public office. Instead of selecting individuals who were truly qualified for the job, Jackson elected his loyal, democratic followers, claiming the reason for the new appointments was to end entrenchment and transfer the power to the people. In reality, by selecting supporters, Jackson would have the ability to easily control the government. His appointment of Roger B. Taney to be Secretary of Treasury was done with the sole purpose to kill the second Bank of the United States. The bank favored the elite, and by killing it, Jackson hoped he would win over the country’s common man.

The Bank war started in 1832 when the congress, lead by Henry Clay, renewed the Second National Bank's charter even though it wasn't meant to expire till 1836. The Second Bank centralized financial might, jeopardizing economic stability, and it did not answer to anyone within the government. That partly concerned Jackson because he had no way to control it. Also because of his previous election experiences, he thought that a bank with that much power could not remain free from the electoral process. That was one of his reasons for wanting the bank gone, the other was that he saw the national bank system as corrupt and unjust because it only benefited the elites and was suspected to favor the wealthy. Jackson knew that if the bank was not shut down the gap between the rich and poor would keep growing, resulting in an unstable economy. By vetoing the bank’s charter, withdrawing the federal government's deposits from the Bank of the United States, and placing it in state banks called pet banks he was helping then general people and working for the good of the nation. Taking out money from the Second National Bank was a clever way to get what he wanted, but he was simply looking out for the common man. Because the bank only helped the wealthy, a small percentage of the population, he was taking care of the general people and not letting the priority fall to a minority who was

Andrew Jackson, born on March 15,1767 was the 7th president of the United States, who was a self made man, rising to money and power. He is viewed as a controversial historical figure in American history between being a hero or villain. Andrew Jackson is a villain due to his controversial decisions during his presidency, such as the spoils system, the nullification crisis, the Second Bank of the United States, and lastly the most impactful decision, the Indian Removal Policy. Jackson may have been seen as the common man leader,and did many things to benefit the people, but that can not justify his unacceptable actions.

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.

He received Andrew Jackson's (related to managing money) policies, which added/gave to what came to be known as the Panic of 1837. It turned out to be the worst money-based depression that the young nation had yet known. Do Andrew Jackson, whom Van Buren had served as secretary of state, vice president, and close person (who gives opinions about what could or should be done about things), hurt the federal Second Bank of the United States by moving federal money to smaller state banks. Jackson thought the Bank of the United States hurt ordinary people (who lawfully live in a country, state, etc.) by exercising too much control over credit and money-based opportunity, and he succeeded in shutting it down.

In Chapter 10 the book discussed about the Jacksonian Era. During the Jacksonian Era there were several events and policies that occurred that lad the United States to major changes in our government and economics. The Jacksonians wanted to democratize the United States political procedure and try to grow the U.S. economic opportunity for those that would be seen as the “common man.” One of the events to have occurred during the Jacksonian Era was the Second Bank of the United States. The Second Bank of the United Sates was a national bank authorized by Congress, which became the largest business in the nation, which produced a stable currency. During the Jacksonian Era not only was there economic change, but there was territorial change.

During the Jacksonian period of 1824-1848, America had great economic development that played a role in making this period known as the “common man,” live up to its expectations. The Bank War was one of Andrew Jackson's many attempts to lower the power of the federal government. The Bank of the United States was ran by Nicholas Biddle, and issued federal deposits, credit and bank notes. However, the main issue was that it restrained the power of state banks. The soft-money and hard-money were two groups, that opposed the Bank. The

The Bank War was the name given to the campaign begun by President Andrew Jackson in 1833 to destroy the Second Bank of the United States. The Second Bank had been established in 1816, as a successor to the First Bank of the United States, whose charter had been permitted to expire in 1811. In the veto message, President Jackson eagerly rejects a bill that leased the Bank of the United States. He argues that the Bank gives privilege and unfair advantage to a wealthy few at the expense of the public, and he opposes foreign ownership of Bank stock. The President claims the same right to interpret the Constitution as Congress and the Supreme Court when he questions the constitutionality of the Bank. The bank’s charter was unfair, Jackson argued in his veto message, that the bank was given significantly to much market power, specifically in the markets that moved financial properties from place to place in the country and into and out of additional nations. That market power enlarged the bank’s revenues and consequently its stock price, “which operated as a gratuity of many millions of dollars to the stockholders,”. Jackson proposed that it would be reasonable to the majority of

The bank provided credit to growing enterprises, issued bank notes which served as a dependable medium of exchange throughout the country, and it exercised a restraining effect on the less well manages state banks. Nicholas Biddle, who ran the Bank, tried to put the institution on a sound and prosperous basis. But Andrew Jackson was always determined to destroy it (Brinkley, 249). The Bank had two opposition groups: the “soft-money” faction and the “hard-money” faction. Soft money advocates objected to the Bank of the United States because it restrained the state banks from issuing notes freely. Hard money advocates believed that coin was the only safe currency, and they condemned all banks that issued bank notes.

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.

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

Jackson completely ignored the fact that most Americans supported the Bank and went through all the trouble to shut it down just to prove his power. Jackson also used the military as a threat to citizens. The people of South Carolina didn’t like what Jackson was doing, and they threatened to secede and also didn’t pay their taxes, so Jackson sent the Navy and Army into South Carolina to force them to pay their taxes. (Document 7). While citizens should pay their taxes, the military is to protect your country, not scare your people.

According to “ A compilation of the Messages and papers of the President's” says that the present bank of the united states enjoys to give exclusive privileges of banking. It also says that It to be regretted that the rich and powerful are often bending the acts of the government for used for their own selfish purposes, it is also easy to believe that great evils to our country come from such a concentration of power in the hands of a few men irresponsible to the people. This all suggests that Andrew Jackson was upset that so many parts of the government is used and is a privilege just for the rich and not for all other people. But when Jackson did change that he just gave privileges to the rest of the white men, but only the white men and no other people. Also According to “ Senate Documents 21st congress, 1829-1830” Andrew Jackson petitioned Congress to pass a law which would limit appointment of a position in government for four years so that I could create some benefits to more of the people.