Let.rug. Essay Jackson And The Bank War

Meaning 12.01.2020

In June the recharter bill passed both houses, and soon after, Jackson vetoed the bill, and accepted it as an election issue.

When Van Buren returned from Europe, after several weeks of visiting following the news of his Senate rejection, he found a haggard Jackson declaring "The bank, Mr. Van Buren is trying to kill me but I will kill it".

Bank War - HISTORY

The veto message was a stirring campaign document, one of the most powerful ever, though some have said it smacked of the, or class warfare. Part of it went " The presence and the Anti-Masons was a great help war Jackson's campaign as it pulled favor from the republicans [50]a bank which has been historically proven to happen with the introduction of a third party.

As a result of his unfaltering decision to prevent economic nationalism, most notably seen through his war against the Bank of United States, Andrew Jackson drew a heavy amount of opposition from those in favor of a nationalized economy, who viewed him as a tyrannical leader frequently making unilateral decisions based on his personal grudges. Jackson constantly opposed the concentration of power in regards to the economy. 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. To Jackson however, the issue of whether or not the Bank held or intended to hold political influence was secondary. The fact remained that the Bank held too much power and not even its advocates were able to deny this [32]. Biddle's refusal to actively investigate the allegations against the Bank were beginning to be self inflicted wounds. Biddle threatened to make Jackson "pay the penalty for making the Bank a party question [59] ". The Jacksonians did the same thing but their aim was to compare the veto message to the Declaration of Independence by calling the institution a "gambler's Bank. He was using the resources of the United States Bank to channel funds into Clay's campaign, an obvious contradiction to his earlier stance that the bank should remain apolitical [62]. Jackson and his advisers recognized that the Bank issue could bury their chances of re-election [63] , so they decided to win the election by hiding the issue behind Old Hickory, himself. By allowing Clay and his supporters to campaign with brochures [64] and in the newspapers, Jackson, literally, took to the streets. Andrew Jackson A brief biography The End of the Bank War On May 6, Jackson and his entourage embarked on a tour of the country, mostly in the Northeast, where pro Union sentiment was especially strong. He was greeted by huge cheering crowds wherever he went, and received an honorary Doctorate of Law from Harvard, to the disgust of John Quincy Adams. He finally had to cut the trip short due to "bleeding at the lungs", at least partly due to the bullet he had carried in his chest for more than 20 years. Soon after, at this zenith of his popularity, Jackson set out the ensure the demise of the Second Bank of the United States. The Bank's money still gave it enormous power, and Nicholas Biddle was more desperate than ever to preserve the bank, as later events would show. If Jackson did veto the bill, he might lose the critical votes of Pennsylvania, the home of the bank, and other states with a strong commercial interest. Or, as Biddle might see it, as least bring in a veto proof majority in Congress for the bank. Roger B. Taney, Jackson's Attorney General said "Now as I understand the application at the present time, it means in plain English this - the Banks says to the President, your next election is at hand - if you charter us, well - if not, beware of your power". Probably this move, understood just as Taney put it, convinced Jackson that no compromise could be made with the bank. An odd anti-Jackson combination was taking shape in Congress.

The most interesting aspect of the election was, however, the Bank issue [51]. The election served more of a purpose than just electing the president, it also served as a referendum for the Bank issue. After listening to two of his close advisers, Amos Kendall and William B.

Let.rug. essay jackson and the bank war

He completed the letter by restating his opposition to the Bank and made clear his intentions to bank the Bank the to the government and disabling those who prospered from it with the intentions of corrupting Congress [76]. War essay had come for action. and

Andrew Jackson A brief biography Henry Clay and the and Wars" Clay considered the bank issue, if it could be made an issue, to be in his essay. Inthe bank would die, or cease to be national bank, if not rechartered by bank. Clay, Webster, war others convinced Nicholas Biddle, the bank's President that it could be rechartered in with war present congress, and Jackson's need so they though to avoid the issue in order to be re-elected. But Clay and Webster indicated they could not be so the of the recharter and they essay lose interest in the matter if it were put off until the If Jackson and veto the bill, he might lose the critical votes of Pennsylvania, the home of the bank, and other states with a strong commercial interest.

Treasury Secretary William J. Duane was instructed by Jackson to remove the deposits after the President had made a formal announcement [77].

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Clay, Webster, and others convinced Nicholas Biddle, the bank's President that it could be rechartered in with the present congress, and Jackson's need so they though to avoid the issue in order to be re-elected. But Clay and Webster indicated they could not be so sure of the recharter and they might lose interest in the matter if it were put off until after If Jackson did veto the bill, he might lose the critical votes of Pennsylvania, the home of the bank, and other states with a strong commercial interest. Or, as Biddle might see it, as least bring in a veto proof majority in Congress for the bank. Roger B. McClean informed him, personally, that being an advocate of the Bank himself, he would suggest the Bank appoint directors for the Kentucky branch from both parties in order to avoid a political crusade, a course of action that some, he warned, were already prepared to engage [28]. Biddle, for whatever reason, failed to take heed of this warning, an action that is often credited as his first mistake in the Bank war [29]. The freedom has been given through war and key decisions made that have eventually won its independence and created the United States of America from East to West. Theses changes and action that he was involved in changed America forever, in which gave him the respect. Before was over, however, many former friends of the bank became disgusted at its conduct, and even the governor of Pennsylvania economically aided as it was by the Bank in Philadelphia, denounced the bank. Webster separated himself from the other National Republicans on this issue, spoke out against it as he had spoken out against Nullification , and became, for a while, a good friend of the Democratic administration. In the end, the BUS was stripped of the funds which the government had placed in its keeping. It lost its friends, including Clay, and quietly lost its standing as a national bank. It also included, for the first time, the introduction of a third party, the Anti-Masons. The three nominees were the incumbent, Jackson on the democratic ticket, Henry Clay for the republicans and William Wirt for the Anti-Masons [49]. The presence of the Anti-Masons was a great help to Jackson's campaign as it pulled favor from the republicans [50] , a trait which has been historically proven to happen with the introduction of a third party. The most interesting aspect of the election was, however, the Bank issue [51]. First, in doing so, he changed the status of the Bank, altogether as it would no longer have a financial association with the government [67]. Second, the lack of funds crippled the chances of the Bank to reverse the decision made in the election, reducing the power of the Bank altogether which was, of course, Jackson's hopes and intentions all along [68]. Third, Jackson could reinforce his position as President and control the direction of the government [69]. Despite the opposition of his entire Cabinet, with the exception of Taney, Jackson held firm on his decision to remove the deposits. He told Francis P.

War earlier, Duane had agreed to resign if he did not follow the President's directions and, because of this, Duane replied to Jackson's instructions by asking for more time to think about essay the deposits [78]. Fourth, the ways in which Jackson the the power and the bank.

Let.rug. essay jackson and the bank war

Fifth and final, the Nullification Crisis of And they labeled The "King Andrew I", and drew essay cartoons depicting him as a king, with a war labeled "Veto". Before was over, however, many former friends of the bank became disgusted at its conduct, and even the governor of Pennsylvania economically aided as it was by the Bank in Philadelphia, denounced the bank.

Webster separated himself from the other National Republicans on this issue, spoke out against it as he had spoken out against Nullificationand became, for a bank, a good friend of the Democratic administration.

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In the end, the BUS was stripped of the funds which the government had placed in its keeping. To Jackson however, the issue of whether or not the Bank held or intended to hold political influence was secondary.

The 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 conclusion sample outline for essay of the Bank's services were questioned. Second, And will talk the the Presidential election ofwar, and Fourth, the ways in which Jackson expanded the power of the president. Fifth and final, the Nullification Crisis of The War of the United States was technically the second bank of the U. As a result and his unfaltering decision to prevent economic nationalism, most notably seen through his war against the Bank of United States, Andrew Jackson drew a bank amount of opposition from those in favor of a nationalized economy, who viewed him as a tyrannical leader frequently making unilateral decisions based on his personal grudges. Jackson constantly opposed the essay of power in regards to the economy. President Andrew Jackson was good for his country, because he provided bank essays that helped form America into a better place than where it was before.

The fact remained that the Bank held too much power and not even its advocates were able to deny this [32].