JACKSONIAN DEMOCRACY 1825 1850
PRESIDENT ANDREW JACKSON
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Clay
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Jackson
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Van Buren
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Webster
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Detailed explanation-1: -President Van Buren created the Independent Treasury System which was later attacked by the Whigs who desired the return of a national bank. By 1841, they had amassed enough of a following that they were able to begin the first step to destroying the Independent Treasury System.
Detailed explanation-2: -He opposed not only the creation of a new Bank of the United States but also the placing of Government funds in state banks. He fought for the establishment of an independent treasury system to handle Government transactions.
Detailed explanation-3: -To confront the country’s economic woes, Martin Van Buren proposed the establishment of an independent treasury to handle the federal funds that had been moved to state banks and cut off all federal government expenditures in order to ensure the government would remain solvent.