Was Andrew Jackson a good president Andrew Jackson was born in a backwoods settlement in the Carolinas in 1776. His parents, Scotch-Irish folk, came to America two years before his birth. His mother was widowed while pregnant with him. At age 13, Andrew joined a regiment. He and his brother were both captured and imprisoned together by the British. Their mother got them released, but his brother died on the long trip home. During his independent days, he lived in a tavern with other students. He gained a reputation for charisma, and wildness and hooliganism (Morris, Introduction). After practicing law for a few years in North Carolina, he took up a job as public prosecutor. And after another several years of practicing law, he …show more content…
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. 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
Andrew Jackson, seventh president of the United States of America, can be debated as either a good president or bad president. But if one were to weigh out the positives and negatives of Andrew Jackson’s presidency, one would realize that his positives outweigh his negatives for a variety of historic facts. Andrew Jackson was a good president because he represented the majority of America’s people by being a common, prevented a civil war when South Carolina threatened to secede from the nation, and because he technically found or instigated the two major parties used in America today (Democratic and Republican). Many Jackson oppositionists despise him because of he is a hypocrite, however America was founded on hypocrisy so as an
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
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.
Jacksonian Democrats believed that they were protecting individual liberty, political democracy, the equality of economic opportunity, and upholding the rights of the Constitution of the United States. In my opinion, the Jacksonians were, to some extent, guardians of the United States. However, the Jacksonians did have their flaws.
Andrew Jackson was, and still is a beloved president to many people. The common person might look at our seventh president as a true war hero, when in fact Andrew Jackson was like a tyrant in many ways. He was the reason for about 7,000 Cherokees deaths, and violated many laws. The only reason Andrew Jackson was not impeached was because the senate did not provide a two thirds vote.
Andrew Jackson was born on March 15, 1767, in the Carolina’s. His parents, Andrew and Elizabeth Hutchinson Jackson, were Irish immigrants that had immigrated right before Jackson was born. Just weeks before Jackson was born his father died suddenly with an unknown cause of death. Jackson had a very troubling childhood, as a teenager Jackson’s older brother was killed in battle and at the age of 13 him and his brother were captured by the British where there, Jackson would have received his permanent scar on his hand and face from not following orders from the Redcoats. While being captured both him and his brother had received smallpox but his brother would not recover and at the death of
Jackson’s reelection convinced him that his opposition to the bank won all of the national support. The Second Bank was established in 1816, as a success from the First Bank of the United States, whose charter was permitted to expire in 1811. The name “The Bank War” was given to the campaign, started by President Andrew Jackson in 1833, to destroy the Second Bank of the United States, this was the start to a very hateful Bank War.
4. Evaluate the strengths and weaknesses of Andrew Jackson as president. Was he really the "populist" president he made himself out to be? Explain your answer.
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 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.
Was Andrew Jackson great as everyone thinks? Andrew Jackson was born in the back woods settlements in the Carolinas in 1769. He was born to Elizabeth Jackson, who came from Ireland. It is said that she was traveling across the Appalachian mountain after she was done burying Andrew Jacksons father when she had him. That is why Andrew Jackson exact location was unknown. Also he had two brother named Hugh, and Robert. Andrew Jackson was not very well educated he had an education that was not as regular as the other kids. Andrew Jackson joined the local militia when he was only thirteen years of age. He was the courier in the revolutionary war. Later on during the war his brother Hugh died in battle in 1779. After that both Andrew and his
Historians believe that it was Jackson 's policies that lead to the inflationary boom and the Panic of 1837, which suspended the convertibility of paper money into specie. Historians point the finger to three of Jackson 's policies. The first was Jackson 's veto of a bill to recharter the second Bank of the United States, in 1832. The federal reserves of the Bank of the United States were distributed to the state-chartered banks that were favored by Jackson. Historians believe that this led to the reserve ratio being reduced because there was no central bank regulating the banks. This led to an increase in the money supply and inflation (Sylla). The second policy was the Deposit Act of 1836, which was the distribution of the surplus in paper money to the states, after the National Debt was paid (Sylla, Rothbard 99). This extra money caused an increase in spending by the states (Rothbard 100). The last policy led to the Panic of 1837; the Specie
The American Revolutionary War was now all around him and his two brothers. The effect it had on his life was devastating. He and his brothers joined the war to fight for the cause. Jackson was only thirteen years old. His brother Hugh soon died of heat stroke in Battle of Stono Ferry in 1779.
Andrew Jackson helped to provide for a strong protection of popular democracy and individual liberty to the United States. Andrew Jackson known as the people’s president held a strong emotion in the states right’s which advocated to the increase of executive power. President Andrew Jackson was good for his country, because he provided certain decisions that helped form America into a better place than where it was before. President Andrew Jackson showed significant positives towards the people of the United States. President Andrew Jackson’s creation of the Democratic Party still exists today. His great efforts to eliminate the Bank of the United States helped to pay off all the national debts in America.
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