Nicholas Biddle

while in office. Due to Jackson’s grave injustices being carried out throughout his presidency, which in fact resembled a tyranny, he should not be considered one of America’s greatest presidents. His many enemies, including John Quincy Adams, Nicholas Biddle, John Marshall, Henry Clay, James Monroe, Native Americans, John C. Calhoun and Daniel Webster prove the conclusion that he was a terrible president, correct. John Quincy Adams served as the sixth president of the United States and he…

Andrew Jackson was born in 1876, amid humble surroundings. Although his formal education during his formative years could be described as sparse, in his teens Jackson was a reader of law long enough to become a member of the bar. He went on to be the first member elected to the United States House of Representatives from Tennessee, a Major General in the War of 1812, and finally the first man elected President to claim Tennessee as his home, having a small plantation (The Hermitage) in the…

This made Biddle upset and retaliate against them and others by making it hard for anyone to get money willingly which caused an economic downfall until 1836 when the bill had expired and the banks doors had closed. The Bank War had also caused business to have a…

equivalent”(QUOTE). Jackson wanted to make it so that one group of the population was not getting special treatment based on the amount of wealth they have attained. The banks president, Nicholas Biddle controlled the money supply of the entire nation. The bank lent money to members of congress too and so Biddle claimed he could influence Congressional decisions with the power he has attained. Jackson felt that the bank was partial to wealthy clients and hurt the average person with its…

Therefore, this contributed to an economic recession. However, there are those who believe that the fault was in the hands of Nicholas Biddle, the president of the bank, because he realized fully that his actions would cause financial distress. On the other hand, this claim fails to point out how, due to Jackson ordering the removal of government deposits, it forced Biddle to call in loans and raise interest rates because the loss of the deposits required curtailment. When the bank finally died…

During the Jacksonian Era, which lasted from about 1824 to 1840, the term “the common man” was used in reference to the social structures that were dominant in Britain at the time of American Independence. The term is used to characterize middle and lower class citizens. There is also the elite man, who are high class citizens. But in America, theoretically, any man can rise to an elite status. No man is bound to his class status, as class status is only reliant on the man 's ability and his…

common interest. After that happened Jackson announced that starting October 1st, Federal Funds will no longer go to the national bank and instead the funds would go to 23 different state banks. Nicholas Biddle the president of the bank was shocked by this move from Jackson, so he had to make counter moves. Biddle started to present state bank notes for redemption, calling in loans, and contracting credit. Business men went to Washington DC in hope to be able to argue back to end the Bank War,…

but only five were publicly appointed by the President and the rest came from stockholders. Nicholas Biddle whom ran the bank announced that the bank intended to pay off the national debt. On 1833 Jackson announced that the government would no longer deposit federal funds in the second bank of the U.S He then used his executive power to close the account…

loans, and generally contracting credit. He believed that a financial crisis would make the need for a central bank more important. This would lead to a immense support for a charter renewal in 1836. This campaign didn 't have as much of an effect as Biddle had hopes, and is said to have only heightened the dangers of a central bank. Then in 1836 Martin Van Buren was elected and had adapted the same financial policies as the president before him Andrew Jackson had. So he went along with the idea…

The changing nation reflected a growing sense of national pride and identity. After the War of 1812, nationalism was growing throughout the United States. This excitement came from the victory of the war. The Era of Good Feelings was caused by the United States being established as a world power and a new unity among the people. The government became stronger and the United States takes on a bigger role in the world. The Age of Jackson was about power to the people. Jackson gave the people…