StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Andrew Jackson and the Tariff or Bank - Essay Example

Comments (0) Cite this document
Summary
This paper will provide a brief description of how Andrew Jackson handled the issue of the Second Bank during his presidency. Therefore, the paper will firstly reveal the background of the conflict and, furthermore, discuss the moves aimed at its resolution…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95% of users find it useful
Andrew Jackson and the Tariff or Bank
Read TextPreview

Extract of sample "Andrew Jackson and the Tariff or Bank"

Jackson and the Tariff or Bank
Andrew Jackson who served as the 7th President of the United States between the years 1829 to 1837 was born in the year 1767, and later died in the year 1845. Throughout his whole life, he served as a major general, a lawyer, a Justice, a Senator and later on the president of the United States. The Second Bank of the United States, chartered by Congress in 1816, presented itself as a problem to Jackson’s presidential carrier. The Bank was financially powerful, fully controlled fiscal policy and state Banks (Sauers & Weber 14). This paper will provide a description on how Jackson handled the issue of the Second Bank.
Jackson’s problem with the Second Bank started when he noticed that the Bank controlled most of the country’s financial issues; loans, monetary notes and deposits. According to Jackson this was a threat to his re-election since it manipulated the voting patterns and electoral process. He settled with the decision of seeing to it that the Bank is shut down. The Bank noticed the move Jackson was plotting against it making it to initiated counter moves. The Bank embarked on negotiating for an early four year re-charter from the Congress which succeeded. However, Jackson and his team formulated a veto against the re-charter when it came time for its approving it. Jackson supported his decision by reiterating that the Bank’s policies were contrary to what the government promoted equality, fairness and honesty. The veto went to Congress which unfortunately, was unable to overturn it. After the polls, Jackson was again determined to destroy the Bank by withdrawing governments fund from it. That was done through the treasury ordering all government deposits be put in state banks (Sauers & Weber 14).
Conclusion
Jackson’s conflict with the Bank resulted in a nationwide panic when the Second Bank stopped giving out loans. Although Jackson was protecting his self interest, it was at the cost of the country which suffered in turn. His fellow democrats were terrified with his moves resulting in there demise from the party. All in all the moves against the Bank proved to be successful since it died in 1834 and Jackson triumphed.
Works Cited
Sauers R, Weber J. Nationalism. New York: Infobase Publishing, 2010. Print Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Formal essay on jackson and the tariff or bank Example | Topics and Well Written Essays - 250 words”, n.d.)
Formal essay on jackson and the tariff or bank Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/history/1583033-formal-essay-on-jackson-and-the-tariff-or-bank
(Formal Essay on Jackson and the Tariff or Bank Example | Topics and Well Written Essays - 250 Words)
Formal Essay on Jackson and the Tariff or Bank Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/history/1583033-formal-essay-on-jackson-and-the-tariff-or-bank.
“Formal Essay on Jackson and the Tariff or Bank Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/history/1583033-formal-essay-on-jackson-and-the-tariff-or-bank.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Andrew Jackson and the Tariff or Bank

Andrew Jackson vs. Henry Clay

...served in the War of 1812, with Andrew Jackson commanding forces at New Orleans and Henry Clay acting as a War Hawk from Kentucky (Davidson, and Stoff 333). However, it was through their political sparring and verbal fencing that Jackson and Clay would gain historical fame, each man trying to defend their views of what they thought best for the country. Clay supported a strong federal government with what he called the “American System”, a system of proposals that would have meant a national bank and high tariffs, along with using sale proceeds from public lands to finance improved roadways and canals, while Andrew...
4 Pages(1000 words)Essay

Andrew Jackson

...Andrew Jackson was a polarizing leader – revered by some of his fellow Americans, and reviled by others. What accounts for the loyalty he roused among so many? What explains the hostility he stirred among so many others? As a president who committed himself to being a ‘common man’ or man of the people, Andrew Jackson established policies for which his leadership received either revering loyalty of the mass or reviling hostility of those who could not take their intended advantage of his principles and relation. Such treatment of his regime may be attributed to policies where drawn for particular aspects as the spoils system, the nullification, the removal of Indians, and...
3 Pages(750 words)Essay

Andrew Jackson

...The fortification of the new American nationalism was attributed to the governance of Andrew Jackson. During his term as the US president, Jackson defended the rights of the common people and empowered the common man. Jackson's critics, however, contend that Jackson showed inconsistencies in his policies with regard his view of the functions of the federal government and his duties as president. Yet, a close scrutiny of the Jacksonian type of democracy, as exemplified in the three documents, demonstrates that Jackson is consistent with his view of the role of the federal government and his obligations as President by asserting the 'faithful' execution of the laws to protect the federalist ideals through the power vested in him... of the...
3 Pages(750 words)Essay

Reaction: Andrew Jackson

...Reaction: Andrew Jackson In the past, when I have thought about past American presidents, the first people to come to my mind were always George Washington, Thomas Jefferson, Abraham Lincoln, and John F. Kennedy. I did not know much about the other presidents, so I found learning about Andrew Jackson to be an extremely interesting and informative process. Although perhaps not as famous as some of the American presidents, I have come to understand that so many historical events occurred during his terms. Two essays that I found to be be extremely helpful in changing my viewpoint on Andrew Jackson were “Andrew...
2 Pages(500 words)Essay

Andrew Jackson and John Marshall

.... Marshall was of the opinion that states were not liable of taxing federal institutions. He prevented the states from establishing laws that would violate the federal law. Marshall upheld the congressional authority in creating a second bank of U.S, though the powers to govern this were not stated in the constitution expressly. In Worcester v. Georgia, a Georgia statute prohibited those who were not Indians from being present on Indian lands without having a license of doing so from the state. In this case, Marshall ruled it unconstitutional under the ground that the federal government had exclusive authority in dealing with such matters. It is believed that, in this ruling, Andrew...
2 Pages(500 words)Essay

Andrew Jackson

...Andrew JacksonAndrew Jackson was the seventh head of state of America, and his appointment was the first outside of Virginia (Wilson, Dilulio and Bose 367). His election signified a close rebellion in voting because it demonstrated that general votes were vital in determining the results of the election, and it was then they were allowed to vote. His presidency is believed by many as the foundation of the present presidency in which the president influence augmented enormously. This is because he increased the presidential supremacy than any other earlier presidents. During his presidency, he familiarized the spoils structure to the state government, assigning persons...
1 Pages(250 words)Essay

Andrew Jackson

...Andrew Jackson’s Birthplace The exact location of Jackson birth is a of controversy (Bassett 5). The tradition of Leslie family predicted that the event took place in George McKemey’s house as his mother, said to be pregnant with him, had labor, and gave birth to him as she was visiting her sister. Crawford home is thought to have welcomed this future president into the world because the mother travelled later when she was well (Bassett 6). Andrew Jackson believed and stated many times that he was born in South Carolina. He even wrote to James H. Witherspoon to confirm this (Herderson 42). He maintains that he was told that he was born at a plantation...
1 Pages(250 words)Essay

Andrew Jackson

... in 1837 due to his insistence on paying government land in terms of gold or silver rather than cash. This led to collapse of many banks as they did not have such ‘specie’. Works Cited Mintz, Stephen. Jacksonian Democracy: The Presidency of Andrew Jackson. Digital History. Web. Dec 7, 2013. www.digitalhistory.uh.edu/database/article-display.cfm?HHID=637. Ogg, Frederic Austin. The Reign of Andrew Jackson: A Chronicle of the Frontier in Politics, 1999. Rutland, Robert Allen. The Democrats: From Jefferson to Clinton. University of Missouri Press, 1995.... Andrew Jackson Andrew Jackson was the seventh president of the United s after rising through the ranks from an orphan to a...
1 Pages(250 words)Essay

Controversial Figure of Andrew Jackson

...Controversial figure of Andrew JacksonAndrew Jackson was a controversial figure in the history of the American presidents. Jackson came from a very wealthy family; he was well-off and bright. Jackson would keep up the habit of moving to study law during the day in Salisbury North Carolina and helped by the high-spirited friends raising hell at night. Many would think of a leader to be mature, but he was quite opposite. Jackson would always hang onto this kind of conduct all of the time. His behavior seemed to be tricky and many still and was confused if he was a good president. People have mixed reactions on whether...
4 Pages(1000 words)Admission/Application Essay

The presidency of Andrew Jackson and the Bank War

...Andrew Jackson and the Bank War The bank war was coined in the year 1833 when President Andrew Jackson began thecampaign to bring down the second bank of the United States. He worked hard to ensure that he destroyed the bank since he believed that his reelection was based on the fact that he was opposed to the existence of the bank. The bank was established in the year 1816 five years after the expiry of the first American bank whose charter expired in the year1811 (Zinn, 623). In 1832, Andrew Jackson had prohibited a...
1 Pages(250 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Andrew Jackson and the Tariff or Bank for FREE!

Contact Us