• Home Page
  • How Did Andrew Jackson Changed America

How Did Andrew Jackson Changed America

Improved Essays
Show More
There was one special day in the year of 1833 that absolutely changed America due to Andrew Jackson. He destroyed The National Bank of America due to his belief of the amount of power it was given without liability and it was unconstitutional. The Second Bank of the United States was sanctioned in 1816 for a 20 year term. The time held worried many people in Congress about money related to private companies. Bank supporters needed solid cash and focal control of the economy. In 1828, Jackson was elected President. The Bank of the United States was run by Nicholas Biddle. His underestimation of the tenacious President brought about his ruin and the downfall of the money related establishment. Fearing downsizing of the common man, President Jackson reduced The National Bank’s power and became its most powerful enemy by closing all federal fund deposits, which destroyed The Second Bank of America. Andrew Jackson was born on March 15, 1767, near Lancaster, South Carolina. His parents, Andrew and Elizabeth, along with his two older brothers, Hugh and Robert, emigrated from Ireland two years earlier. Andrew, along with his brothers, joined the …show more content…
Biddle was known to be more a strict businessman than a politician. Nicholas had turned to members of Congress, including the very powerful Kentucky Senator Henry Clay and leading businessmen sympathetic to the bank, to fight against Jackson, proving that his thoughts was the correct way to handle the situation. Because of the way he underrated the power of a strong and popular President, his actions showed where the outcome turned out to be. He caused the downfall of himself and the demise of the financial institution he

Related Documents

  • Superior Essays

    Andrew Jackson And Political Sectionalism
    • 1584 Words
    • 7 Pages

    Andrew Jackson And Political Sectionalism

    The Bank War was a campaign started by Andrew Jackson to terminate the Second Bank of the United States, but it was mainly due to that fact that his reelection assured him that his objection to the bank won his national support. Andrew Jackson's antagonism with the capable national bank and its "paper cash" can be followed as far back as the First Bank of the US. Jackson lost everything amid the time when the market development and the accessibility of western grounds ought to have offered safe open doors for monetary change to an ever increasing number of people. Jackson rebuked the keeping money framework for his own monetary disasters (all including land hypothesis and useless certified receipts). With overpowering help of the majority, Jackson was chosen president in 1828 and offered energy to look for change.…

    • 1584 Words
    • 7 Pages
    Superior Essays
    Read More
  • Decent Essays

    President Andrew Jackson's Support Of The Second National Bank
    • 227 Words
    • 1 Pages

    President Andrew Jackson's Support Of The Second National Bank

    This tweet references the bank’s, supporters denounced Andrew Jackson as a power of hungry tyrants trampling on the rights of congress. 4. @AndrewJackson the supported of the Second National Bank #whigs.…

    • 227 Words
    • 1 Pages
    Decent Essays
    Read More
  • Improved Essays

    Martin Van Buren Accomplishments
    • 732 Words
    • 3 Pages

    Martin Van Buren Accomplishments

    Working closely under Jackson, Van Buren becomes Vice President in 1832 as the Democratic Party’s nominee, and then succeeds Jackson four years later as President of the United States in 1836, also under the Democratic Party. Just three months after the beginning of Van Buren’s term, the Panic of 1837 strikes the United States. The Panic of 1837’s creation has been pinpointed to Jackson’s Policies to the nonrenewal of the charter of the Second Bank of the United States; thus transferring federal funds to state banks, and also the enforcement of the Specie CIrcular, which eventually led to one of the nation’s most crippling economic downfalls. Van Buren’s attempts to solve this economic crisis did little to rescue the economy, as it only further deflated the public. Van Buren consequently only served one term as president and left the office in 1840 after losing to the Whig party’s nomination, Henry William Harrison.…

    • 732 Words
    • 3 Pages
    Improved Essays
    Read More
  • Decent Essays

    Why Did The Us Experience A Market Revolution Essay
    • 470 Words
    • 2 Pages

    Why Did The Us Experience A Market Revolution Essay

    3. What were the reasons for the Jacksonian war on the Bank of the United States, and its effects on the American financial system? Answer: Andrew Jackson did not find the Bank of United States. Jackson actually took steps to destroy the bank by ordering sizable federal deposits to be removed from its vaults and redeposited into Democratic-inclined state banks.…

    • 470 Words
    • 2 Pages
    Decent Essays
    Read More
  • Improved Essays

    The Impact Of Andrew Jackson On The 20 Dollar Bill
    • 394 Words
    • 2 Pages

    The Impact Of Andrew Jackson On The 20 Dollar Bill

    “Jackson first appeared on the twenty dollar bill in 1928. It is not clear the reason the bill was switched from Grover Cleveland to Andrew Jackson. According to the U.S. Treasury, “Treasury department records do not reveal the reason that portraits of these particular statesmen were chosen in preference to those of the other persons of equal importance and prominence.” The placement of Jackson on the 20$ bill may be a historical irony; as president, he vehemently opposed both the National Bank and paper money and made the goal of his administration the destruction of the National Bank.…

    • 394 Words
    • 2 Pages
    Improved Essays
    Read More
  • Great Essays

    Andrew Jackson And Henry Clay Analysis
    • 1382 Words
    • 6 Pages

    Andrew Jackson And Henry Clay Analysis

    The Second Bank of the United States was what most of the banking policy discussions originated from. Jackson disliked banks and paper money in general. He vetoed the renewal of the Bank's charter and withdrew federal deposits from the bank. Clay hoped to divide Jackson's supporters, and earn the favor in Pennsylvania, where the bank’s headquarters were. Clay launched attacks on Jackson and generally failed.…

    • 1382 Words
    • 6 Pages
    Great Essays
    Read More
  • Great Essays

    Andrew Jackson Hero Or Villain Essay
    • 1458 Words
    • 6 Pages

    Andrew Jackson Hero Or Villain Essay

    In his own words Jackson states “if the people only understood the rank injustice of our money and banking system, there would be a revolution by morning.” President Andrew Jackson became a defining figure of the common man as he overcame life struggles, achieved a great military career, and achieved self-made success as an adult. In the public’s eye, Jackson was one of…

    • 1458 Words
    • 6 Pages
    Great Essays
    Read More
  • Improved Essays

    Pros And Cons Of The Jacksonian Democracy
    • 1161 Words
    • 5 Pages

    Pros And Cons Of The Jacksonian Democracy

    Andrew Jackson didn’t like banks or banks and thought they…

    • 1161 Words
    • 5 Pages
    Improved Essays
    Read More
  • Decent Essays

    Andrew Jackson: A Military Hero
    • 255 Words
    • 2 Pages

    Andrew Jackson: A Military Hero

    Andrew Jackson was born in 1767 and died in 1845. As he grew up he was living in poverty. But later in his life he became wealthy as a very good Tennessee lawyer. And from that practice of being a lawyer, he started getting interested in the government and became a young politician in 1812. But he started being a politician when war broke with the US and Britain.…

    • 255 Words
    • 2 Pages
    Decent Essays
    Read More
  • Improved Essays

    Andrew Jackson And Slavery: The American Civil War
    • 1163 Words
    • 5 Pages

    Andrew Jackson And Slavery: The American Civil War

    America was a young and newly formed nation in the 1800s, and while the previously independent states were finally united under one constitution, there were still many disagreements among them. Slavery was one issue of many, which greatly separated the north and south halves of the country, and was the source of a great amount of conflict and tension between the two sides. Virginia, being a southern state, was also one of the primary slave states, as its economy essentially depended on slavery. The year of 1831 and surrounding years were very important for the state of Virginia as certain events such as Nat Turner’s slave rebellion and the Great Slave Debate took place during this time period. These events as well as the issue of slavery itself…

    • 1163 Words
    • 5 Pages
    Improved Essays
    Read More
  • Improved Essays

    Summary Of Andrew Jackson And The Rise Of Liberal Capitalism
    • 323 Words
    • 2 Pages

    Summary Of Andrew Jackson And The Rise Of Liberal Capitalism

    Chapter three is titled ‘Andrew Jackson and the Rise of Liberal Capitalism’. The starting point of the chapter is speaking about how Andrew Jackson became important on the Tennessee frontier. It says that he was born on a farm in the Carolinas, and he lacked much education. During his teen years he was interested in gambling. When not doing this, though, he studied the law.…

    • 323 Words
    • 2 Pages
    Improved Essays
    Read More
  • Improved Essays

    Andrew Jackson: The Nullification Crisis
    • 852 Words
    • 4 Pages

    Andrew Jackson: The Nullification Crisis

    Many of the decisions that Jackson made were based strongly on his different background. We see this in his strong opposition to the national bank and also see how his personal life intermingled itself in this affair. Nicholas Biddle, the wellborn president of the national bank, was everything that Jackson was not and therefore was a strong enemy to Jackson. Due to this, Jackson made it a goal of his presidency to close the national bank. Andrew also felt this system benefited the northern industry more than the southern farmers.…

    • 852 Words
    • 4 Pages
    Improved Essays
    Read More
  • Improved Essays

    Andrew Jackson's Change In The United States
    • 1100 Words
    • 5 Pages

    Andrew Jackson's Change In The United States

    When we as Americans look back at our past, we are often overwhelmed with all of the significant events and people that shaped this great nation. When we take a closer look we can pick out a few that shaped this nation more than others. This country was founded over 200 years ago which gives us plenty to analyze, however, Andrew Jackson is one person in particular who undeniably played a huge role in shaping our country in the 1800s. A man of humble beginning that rose to prominence on the national stage and enacted his policies in a nation. Andrew Jackson was born on March 15, 1776, on the border of North and South Carolina.…

    • 1100 Words
    • 5 Pages
    Improved Essays
    Read More
  • Improved Essays

    First National Bank Pros And Cons
    • 689 Words
    • 3 Pages

    First National Bank Pros And Cons

    The historical debate regarding the establishment of the United States’ first national bank was a truly significant one. Hamilton, serving as the Secretary of the Treasury during Washington’s presidency, instituted the first national bank as a key component of his financial plan. He believed that a bank would serve the beneficial purpose of creating a stable and healthy economy and at the same time, greatly decreasing the amount of national debt the U.S carried. On the opposing end, there was the Secretary of State, Thomas Jefferson, who represented the Jeffersonian-Republicans. This political group opposed the idea of a national bank due to their strict interpretation of the Constitution.…

    • 689 Words
    • 3 Pages
    Improved Essays
    Read More
  • Great Essays

    Andrew Jackson Shifting Legacy Analysis
    • 1108 Words
    • 5 Pages

    Andrew Jackson Shifting Legacy Analysis

    In Jackson’s veto message, he rejects a bill that rechartered the Bank. Jackson’s argument was that the Bank gave privileges and unfair advantages to the wealthy. He also opposed foreign ownership of stock. Not only this, but he also questions the constitutionality of the Bank. Jackson later warned that banks and corporations would steal citizens’ liberties away from them in his Farewell Address in 1837 (Jackson).…

    • 1108 Words
    • 5 Pages
    Great Essays
    Read More

Related Topics

Ready To Get Started?
Discover
Company
Follow
©2024 Cram.com
Privacy Policy |  About Ads |  Site Map |  Advertise  | 
  • Cookie Settings