President Andrew Jackson's Fallicy
President Andrew Jackson; A Fallicy
President Andrew Jackson was one of the better embodiments of the “American Dream.” His humble beginnings made him a common man, while his vast intellect and determination made him successful. Throughout his presidency, Andrew Jackson was praised for acting on the behalf of the ordinary Americans. Yet, his personal motivations and interests that influenced his actions were often contradictory. Jackson’s first term was distinguished by private opinions altering his executive decisions as president. His opposition to the recharter of the Bank of the United States was influenced from his great loss of wealth in the Panic of 1795, Wall Street’s first financial crisis, when stocks’ value depreciated rapidly. …show more content…
The challenging of his power was brought to Senate from Senators Henry Clay and Daniel Webster before Jackson’s potential re-election. The Senators’ hoped to divide the political parties distinctly before the election, making Jackson would look weak to the general public and his opponents. If Jackson opposed it, he could petitionally create many opponents. Jackson was “deeply impressed with the belief that some of the powers and privileges possessed by the existing bank are unauthorized by the Constitution, subversive of the rights of the States, and dangerous to the liberties of the people.”4 The National Bank did not have the concerns of the states at hand; many of the states interests sprouted from the common man of the region. Jackson took the upper hand in the matter, taking a firm stance in vetoing the recharter. Personal memories from the past may have been played too close to Jackson’s chest, as his hatred of the banks may have stemmed from when he was a young man. Just as he had begun to be increasingly succesful, he lost most of his wealth in the Panic of 1795; the first financial crisis arising from the National Bank inflating the worth American money to attempt to overcome debts. Jackson blamed the bank for his lost wealth, his memories being resentful and his attitude bitter. Awhile he claimed to be speaking for the common man, his embittered memories wanting to have revenge on the bank that he believed took everything from
President Andrew Jackson was one of the better embodiments of the “American Dream.” His humble beginnings made him a common man, while his vast intellect and determination made him successful. Throughout his presidency, Andrew Jackson was praised for acting on the behalf of the ordinary Americans. Yet, his personal motivations and interests that influenced his actions were often contradictory. Jackson’s first term was distinguished by private opinions altering his executive decisions as president. His opposition to the recharter of the Bank of the United States was influenced from his great loss of wealth in the Panic of 1795, Wall Street’s first financial crisis, when stocks’ value depreciated rapidly. …show more content…
The challenging of his power was brought to Senate from Senators Henry Clay and Daniel Webster before Jackson’s potential re-election. The Senators’ hoped to divide the political parties distinctly before the election, making Jackson would look weak to the general public and his opponents. If Jackson opposed it, he could petitionally create many opponents. Jackson was “deeply impressed with the belief that some of the powers and privileges possessed by the existing bank are unauthorized by the Constitution, subversive of the rights of the States, and dangerous to the liberties of the people.”4 The National Bank did not have the concerns of the states at hand; many of the states interests sprouted from the common man of the region. Jackson took the upper hand in the matter, taking a firm stance in vetoing the recharter. Personal memories from the past may have been played too close to Jackson’s chest, as his hatred of the banks may have stemmed from when he was a young man. Just as he had begun to be increasingly succesful, he lost most of his wealth in the Panic of 1795; the first financial crisis arising from the National Bank inflating the worth American money to attempt to overcome debts. Jackson blamed the bank for his lost wealth, his memories being resentful and his attitude bitter. Awhile he claimed to be speaking for the common man, his embittered memories wanting to have revenge on the bank that he believed took everything from