JACKSONIAN DEMOCRACY 1825 1850
JACKSONIAN AMERICA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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He was never quite as charismatic or charming as Jackson
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He failed to adequately address major economic issues from the Panic of 1837
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He helped Whig candidates win local elections
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His corruption and elitism contrasted with Jackson’s persona
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Detailed explanation-1: -The central issue facing President Van Buren was the Panic of 1837, a sustained economic downturn that began just weeks into his presidency. Van Buren opposed any direct federal government intervention and cut back federal spending to maintain a balanced budget.
Detailed explanation-2: -Historians have traditionally attributed the Panic of 1837 to a real estate bubble and erratic American banking policy. Most speculation concerned western land opened to settlement after Indian removals, but northeastern forests were among the most overvalued holdings.
Detailed explanation-3: -Van Buren was elected president in 1836, but he saw financial problems beginning even before he entered the White House. He inherited Andrew Jackson’s financial policies, which contributed to what came to be known as the Panic of 1837.