JACKSONIAN DEMOCRACY 1825 1850
AGE OF THE COMMON MAN
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The South felt that Jackson was a great president because he vetoed the bank, while the North and West viewed as a hero for protecting the Bank from destruction.
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The North, South and West felt that Andrew Jackson was a hero because he used his veto to kill the National Bank.
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The South felt that Jackson used his veto power for the good of the common man, while the West felt that Jackson used his power unjustly.
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The South and west viewed Jackson as a hero because he combated the bank with his use of the veto, while the North viewed Jackson’s use of the veto the act of tyrant.
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Detailed explanation-1: -President Andrew Jackson announces that the government will no longer use the Second Bank of the United States, the country’s national bank, on September 10, 1833. He then used his executive power to remove all federal funds from the bank, in the final salvo of what is referred to as the “Bank War."
Detailed explanation-2: -The bank’s charter was unfair, Jackson argued in his veto message, because it gave the bank considerable, almost monopolistic, market power, specifically in the markets that moved financial resources around the country and into and out of other nations.
Detailed explanation-3: -Fearing economic reprisals from Biddle, Jackson swiftly removed the Bank’s federal deposits. In 1833, he arranged to distribute the funds to dozens of state banks. The new Whig Party emerged in opposition to his perceived abuse of executive power, officially censuring Jackson in the Senate.
Detailed explanation-4: -In closing, Jackson emphasized that the “rich and powerful too often bend the acts of government to their selfish purposes.” The wealthy Americans stood to benefit from the bank’s recharter, he argued, not farmers, mechanics, and laborers.