WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
WESTWARD EXPANSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Pay off the National Debt
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Serve more than two terms
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Own slaves at the White House
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Be impeached
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Detailed explanation-1: -In 1832, he vetoed a bill by Congress to reauthorize the Second Bank of the United States, arguing that it was a corrupt institution that benefited the wealthy. After a lengthy struggle, he and his allies dismantled the Bank. In 1835, Jackson became the only president to pay off the national debt.
Detailed explanation-2: -1837: Andrew Jackson (In 1835, the $17.9 million budget surplus was greater than the total government expenses for that year.) By January of 1835, for the first and only time, all of the government’s interest-bearing debt was paid off.
Detailed explanation-3: -Paying Off the National Debt Jackson’s spending controls, along with increased revenue, enabled him to pay off the national debt in 1835 and keep the nation debt-free for the remainder of his term.
Detailed explanation-4: -On January 8, 1835, president Andrew Jackson paid off the entire national debt, the only time in U.S. history that has been accomplished.