teh rechartering of the national bank by Andrew Jackson

teh rechartering of the national bank by Andrew Jackson

Length: 356 words (1 double-spaced pages)

Rating: Excellent

Open Document

Essay Preview

More ↓
The Rechartering of the
National Bank
In 1832, a Renewal Bill for the United States Bank came up to the President, Andrew Jackson. He vetoed this bill for the Bank, and in the address that he included with the veto stated that he knew that this would be an issue, and that people would not like it. He told in this address all of the clear and obvious reasons why he vetoed against the bank.
     First, Andrew Jackson, aimed towards all of the strict constructionists, brought up the point that the formation of a national bank is not in the Constitution, and therefore there is no reason why we should be able to use it. President Jackson also said how the national bank is “rebellious of the rights of the states, and dangerous to the liberties of the people”. Jackson could see that the bank was a monopoly, and the danger that this could bring. He said how the bank is run primarily by 25 people, 20 of which are elected by the bank stock holders, the other five are elected by the bank officials themselves, who in the long run can keep reelecting themselves, and corruption is bound to follow.
     The main point that President Jackson made in his address for the veto was that too much of the money in the U.S. Bank was from foreign countries. When private stockholders from other countries don’t pay their debts, it hurts the U.S. economy, but even worse then that is the foreign business that the bank does creates an incredible amount of foreign dividend that the U.S. citizens have to pay for, in their taxes. The President says that the banking system should be entirely American; all of the stockholders in the United States Banking system should consist of U.

How to Cite this Page

MLA Citation:
"teh rechartering of the national bank by Andrew Jackson." 123HelpMe.com. 02 Apr 2020

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Essay on Andrew Jackson And The Bank War

- In this study, the author familiarizes The Bank of the United States and Andrew Jackson 's fabrication of an anticipating war, which inadvertently saves America. During the 1820’s and 1830’s, The Bank War, a war between the Bank of the United States and President Andrew Jackson, resulted beneficially to America 's future for numerous reasons. Jackson set standards and pushed boundaries, creating larger presidential responsibilities. The Bank of the United States, which earned a prevailing bad reputation along with a substantial amount of animosity, was abolished....   [tags: Andrew Jackson, President of the United States]

Research Papers
1687 words (4.8 pages)

Andrew Jackson's Campaign to Destroy the Bank of the United States Essay

- When Andrew Jackson decided to make his veto message regarding the Bank of The United States on July 10, 1832 one thing was on his mind: killing the Bank of The United States forever. This one event was the fuel Jackson used for his reconstruction of the U.S. It all started to unravel during his election of 1828. Several different "sects" within the different states were teaming up with one another to form a coalition of discontent for the President and his reconstruction. Like Thomas Jefferson before him, Andrew Jackson was a tried-and-true defender of American freedom committed to nothing so much as breaking the knot of political corruption and restoring integrity to republican institution...   [tags: Andrew Jackson Politics American History]

Research Papers
1255 words (3.6 pages)

Essay on Andrew Jackson and the Bank War

- 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.      The United States government in 1816 chartered the Second Bank of the United States....   [tags: American History Banking]

Research Papers
2332 words (6.7 pages)

Essay The First Bank Of The United States

- The United States, like many other developing countries started slowly, but eventually rose to a nation everyone wanted to be a part of. From the time that early settlers planted their feet into the soils of America to all of the events that eventually lead up to the Civil War. In the sections below, these are some of the significant events that occurred in the times that the United States was a developing nation. Part A To begin with, banking was not really essential in the early part of the United States....   [tags: United States, American Civil War, Central bank]

Research Papers
1193 words (3.4 pages)

Essay about Andrew Jackson : Good Or Bad?

- Andrew Jackson: Good or Bad. Andrew Jackson was the seventh president of the United States and was one of the most controversial presidents ever. Jackson initially gained national fame through his role in the War of 1812, where he led a victory over the British at the Battle of New Orleans. Three year laters, Jackson invaded the Spanish-Florida territory which directed to the Adams-Onis Treaty. Although Andrew Jackson proved to be a great military strategist, his unneeded hostility, which was brought out in the Spoils System, the Indian Removal Act, and the ongoing feud with the National Bank, ultimately classify him as poor president....   [tags: Andrew Jackson, United States]

Research Papers
820 words (2.3 pages)

Essay on Michael Jackson And The Jackson

- Michael Jackson was born on August 29, 1958, and raised in Gary, Indiana by Katherine Jackson and Joe Jackson. Michael Jackson’s parents had a total of nine children and he was the seventh to be born. His singing career initiated at the young age of 5 and was the lead singer of the Jackson 5. The Jackson 5 consisted of the five brothers: Jackie, Jermaine, Tito, Marlon and lead singer Michael. They would play at local clubs and bars, however, fortunately, as their talent thrive, their audience expanded....   [tags: Michael Jackson, The Jackson 5, La Toya Jackson]

Research Papers
1060 words (3 pages)

Was Andrew Jackson A Hero Essay

- Andrew Jackson the 7th president of the United States was he a hero or a villain. While there were some questionable choices Jackson made in his life. There are many reasons people consider Andrew Jackson a hero. The first and foremost reason is his military service to the country. Andrew Jackson’s actions would also lead to the expansion of the United states into Florida. Andrew Jackson as the president was known as the president of the “Common Man” and he lowered the national debt to a record low....   [tags: United States, Andrew Jackson]

Research Papers
784 words (2.2 pages)

Andrew Jackson Biography Essay example

- On March 15, 1767 Andrew Jackson was born on the border of North and South Carolina. Jackson’s background was unlike previous presidents and their aristocratic views; because of the way he was brought up. He was a common man, and received a small amount of education. Jackson was considered rough because he participated in fights, duels, and was accused of being a murderer. He put his personal honor before everything else, which would later harm his reputation. Jackson was very evident throughout our nation’s history and, for better or for worse, deserved the title of “The Age of Jackson” because of his political influence in America through his decisions on the Force Bill, the Second Nationa...   [tags: Andrew Jackson, United States]

Research Papers
881 words (2.5 pages)

Andrew Jackson Essay

- Andrew Jackson strongly opposed the Second National Bank of the United States. The Panic of 1819 was a key motivator for the destruction of the Second National Bank for Andrew Jackson and many Americans (Shepard Software “Andrew Jackson”); it left many Americans unemployed and hundreds of businesses bankrupt especially farming businesses. A lot of the blame of the Panic of 1819 was put onto the Second Bank of the United States (Remini, American Empire, 164), and Jackson strongly believed it was the bank’s fault....   [tags: Andrew Jackson Essays]

Research Papers
1448 words (4.1 pages)

The Jacksons Essay

- Have you ever wondered what it would be like to be in the music business, from birth. This is the life of the Jackson family. The Family consists of nine children, Joe, and Katherine. Father, Joeseph Jackson was born in Arkansas in 1929 and raised in Tennessee. His own father, a Lutheran, was a stern schoolteacher, and had strict discipline. Joseph was a teenager when his parents divorced. Katherine Jackson was her husband's complete opposite in temperament. Katherine was born in 1930 and grew up in Alabama....   [tags: Jackson Michael Family Music]

Free Essays
1428 words (4.1 pages)

Related Searches

S. citizens and U.S. citizens only.
     Andrew Jackson may have been an unconventional president, being that he came from the West and had different views on government, but in the end his views were very deep, and may have saved the government from the 1st national bank, which could have destroyed the economic system of our country.
Return to 123HelpMe.com