Andrew Jackson

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Category: US History

Date Submitted: 06/26/2016 10:31 PM

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Andrew Jackson became president while the United States was basking in the prosperity that was brought on by the Market Revolution. The Market Revolution brought money and development, so the U.S. was now looking to President Jackson to lead to help the country to create a foundation for which the country was to spend the money earned in an interest to best benefit the country. According to Historian Professor Eric Foner political issues included in this debate were “the governments stance towards banks, tariffs, currency,national improvements, and the balance of power between national and local authority” (Foner 381). Andrew Jackson, regarded as a man of the people rose to the occasion.

As a Democrat, Jackson set out to implement policies that were to benefit the people or more specifically, the people that were considered to be at a disadvantage socially and economically. As for the Democratic party as a whole, the party was in favor of limiting the national government, empowering the individual person, strengthening local government, reduction of tariffs, and protection of the people from the Bank of the United States. While did not have self benefiting factors in mind when he fought to make reality his policies, he was still criticized for forceful use of his Power.

Most alarming to Jackson was the growth of power held by the government and the Bank of the United States . For this reason President Jackson took executive action to veto a bill passed by congress to extend the contract of the Bank of the United States. Thus, triggering the destruction of the Bank which in turn resulted in the over printing of money by the bank to recover the loss. The inflation proved detrimental to the United States because the value of the dollar plummeted. The value of the dollar plummeted so low that foreign powers such as that of Britain no longer accepted it as payment, The losses were passed on to the government which was struck by loss of...