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Analysis of Jackson and the bank war
Chaoter 9 us history the jacksonian era
Analysis of Jackson and the bank war
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Calling the Jacksonian Period the era of “the common man” is misleading. During
most of this period, the “common man” struggled financially, politically, and socially. A
major defect in the characterization of this period is that the Jacksonian’s definition of a
“common man” was not very common at all. In fact, this characterization excluded the
common majorities of society such as women, blacks, and indians. Predominately, all roles
in society were held exclusively by middling to wealth white men. A few brave women
showed their frustration with the rigidly stratified social structure in the United States by
declaring“We hold these truths to be self-evident: that all men and women are created
equal;” Although the Jacksonian period has been celebrated as the era of the “common
man,” this characterization proves superficial in regards to economic development,
political progress, and reform movements as is seen in the financial Panic of 1837, the
increase in national and executive power, and in the inability of the anti-slavery and
woman’s right’s movements to aid common men and women during this era.
Although Jacksonian tried to help the “common man” through his economic
practices, his decisions proved to be self-centered and disastrous for the future American
economy. By Jackson’s presidency, the second Bank of the United States, or the B.U.S., had
become one of the most powerful institutions in American because it help to control and
stabilize the economy. However, many common people in the South and West favored
state banks over the centralized federal bank. President Andrew Jackson whole-heartedly
sided with the South and West since he believed that not just the the B.U.S. but all banks
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... or state’s. Clearly, even though Jackson tried to democratize
the government so that the common man could vote, he paid little attention to his interests
when they came in conflict with his own or the government’s.
From these examples, it becomes clear that the Jacksonian era cannot, in all honesty,
be called or celebrated as the age of the “common man.” True, a few advances were made
during this period through the democratizing of the government, the downfall of the B.U.S.
and the increase of educational opportunities, but these revisions in society did not
drastically change the problems at hand, and sometimes even caused them. In addition,
because the Jacksonian period failed to deal with the problems of the common indians,
slaves, and woman in America, it is more correctly named the “era in which the white,
middle-class men had the advantage.”
Based on the following doctrines, I believe the extent of characterization of the two parties was not completely accurate during the presidencies of Madison and Jefferson, because of key pieces of evidence that proves inconsistencies during the period between 1801 and 1817. In the following essay, I will provide information supporting my thesis, which describes the changing feelings by each party and the reasoning behind such changes.
Jacksonian (Democracy, Society, etc.) is a term used to describe reform during the time of Andrew Jackson’s Presidency. Specifically Jacksonian Democracy refers to “the general extension of democracy that characterized U.S. politics from 1824 to 1828.” Jacksonian Democracy and its support came primarily from the lower classes as a rebellion of sorts apposing the aristocracy. Even though it stressed equality, it was pro-slavery and anti-Indian (not unlike Andrew Jackson). Also there was change in both the political parties and the social reforms. Jackson was seen as a westerner (even though he was from Tennessee) and a president of the common man. This we can see when he married women out of the lower classes and the upper class was astonished. Also, Jackson had opened the white house to everyone on his inauguration day.
Women, like black slaves, were treated unequally from the male before the nineteenth century. The role of the women played the part of their description, physically and emotionally weak, which during this time period all women did was took care of their household and husband, and followed their orders. Women were classified as the “weaker sex” or below the standards of men in the early part of the century. Soon after the decades unfolded, women gradually surfaced to breathe the air of freedom and self determination, when they were given specific freedoms such as the opportunity for an education, their voting rights, ownership of property, and being employed.
Andrew Jackson was like no other president before him. The previous presidents had one thing in common, they were all part of the founding fathers or in John Quincy Adam’s case was the son of a founding father. However Jackson was a plantation owner from the west who had no connections with the government. He also had different views from other presidents that made his presidency unique. Two things that separated Andrew Jackson’s presidency from previous presidencies were he reached out to the common people and he was disapproving of the Bank of United States.
Topic: Jacksonian Democrats viewed themselves as the guardians of the United States Constitution, political democracy, individual liberty, and equality of economic opportunity.
American expansion shaped the Jacksonian period in a number of ways which included the advancement of technology, by way of slavery, and most importantly through the Indian Removal Act. Although, very diverse, these three aspects are similar in that they all made their mark during the Jacksonian period. Technology and new developments had connected this vast expansion of land being acquired. Slavery had helped acquire these lands because of the labor needed for production. And most importantly, the Indian Removal Act had made a clear statement that American’s were taking over what was rightfully theirs. American expansion would not have been possible if not for these three ideas which greatly affected the Jacksonian period.
government. He said the people had an absolute right, to rebel against any government that
In the summer of 1832 and Congress renewed the Bank’s charter even though it wasn’t due until 1836. Jackson hesitated to approve of the charter, so Henry Clay and Nicholas Biddle went on the offensive to attempt to persuade Jackson to pass the bill. Jackson, having had his opinion on the banks cemented by Clay’s presence in the organization, then committed to de-establishing the Second National Bank. He waged war against Biddle in particular to make sure Biddle lost power. He vetoed the bank bill, and after winning the race to be reelected, he closed Biddle’s bank. He ordered his Secretary of the Treasury to move money from the Second National Bank to smaller, state banks. When Congress returned from its summer recess, it censured him for his actions. In 1836, Bank of US was dead, and the new democratic-congressmen expunged Jackson’s censure. Because Jackson had no formal plan for managing the nation’s funds after the Second National Bank closed, it caused problems in Van Buren’s administration. He destroyed the Bank of the United States, in the main, for personal reasons. Jackson hated the bank before his presidency because as a wealthy land and slave owner he had lost money due to its fiscal policies. He believed that Congress had no right under the constitution to charter a
Andrew Jackson is one of the most controversial presidents. Many regard him as a war hero, the father of the Democratic Party, an inspiring leader, and a spokesman for the common man. While there is plenty to praise about the seventh president, his legacy is tarnished by his racism, disregard for the law of the land, cruelty towards the Native Americans, and ruthless temper. Jackson was an intriguing man who was multi-faceted. One must not look at a singular dimension, and cast judgment on him as a whole. To accurately evaluate one of the most complex presidents, it is crucial to observe Jackson from all possible angles. Prior lifestyle, hardships in life, political ideology, lifestyle of the time, political developments, and his character
Since the banks had been removed, Jackson had nowhere to put the money, so he gave it to the states(“npr.org”).The states then started printing massive amounts of money, which caused the economy to enflate drastically(“npr.org”). In an effort to slow this down, Jackson required that all government land sales be done with gold or silver (“npr.org”). However, this caused the economy to crash. After that, we went into a depression, which we were only able to get out of by borrowing more money which has left us with a debt that we have not repaid since (“waltercoffey.com”).
However, Daniel Webster in his response to Jackson’s veto message (Document C) refuted Jackson pointing out the personal interests Jackson vested in this political decision. Jackson a big supporter of the expanding west wanted easily accessible credit to allow for faster speculation of land which the Bank of the United States failed to provide. Jackson was spurred to fail the re-charter of the Bank to solidify his support within the South and the West and to issue a backlash to nemesis Henry Clay who had proposed the re-charter of the bank and had prevented Jackson from obtaining presidency in 1824 by supporting John Quincy Adams. Although, Jackson justified his veto of the Bank of the United States as a action meant to uphold the Constitution in reality it was used to politically secure
Thomas Jefferson and Andrew Jackson were two very influential figures in American political history. Even though they both were in two different eras, they shaped the American government and the way people think about it. They both have similarities, but they do have differences as well that includes political rights, religious rights and even economic rights.
The validity of President Andrew Jackson’s response to the Bank War issue has been contradicted by many, but his reasoning was supported by fact and inevitably beneficial to the country. Jackson’s primary involvement with the Second Bank of the United States arose during the suggested governmental re-chartering of the institution. It was during this period that the necessity and value of the Bank’s services were questioned.
From 1812-1828, the political parties (Democrat and Republican) did not matter, because presidential elections were chosen by congress, without consulting the popular opinion. At this time, rapid expansion caused the banks to loan lots of money, and the banks hurt many people who were unable to pay their debt. People got involved in politics to fight the banks. Due to the banks hurting people, Jackson, too, wanted to fight them in politics. Striving for an end to corruption, in the famous “Jacksonian Democracy”, he became president in
Deborah Gray White in Aren’t I a Woman: Female Slaves in the Plantation South theorizes that black women in the plantation south were the most vulnerable group in early America. These were black women in a white Southern society, slaves in a free American society, and women in a society ruled by men which gave them the least power and the most vulnerability in the plantation south. Their degradation was the result of American stigmas that understood black women as being promiscuous, licentious females who had high birth rates as well as a high pain tolerance. Although black women were seen as a part of the weaker sex, they were not seen as being as not seen as ineffectual. These women were sold for their abilities that include, but are not