ipl-logo

How Did Andrew Jackson Affect The Economy

540 Words3 Pages

Dylan Aviles
World History
Andrew Jackson

Andrew Jackson was born on March 15, 1767 in the Waxhaws region of North Carolina. Jackson was elected as the seventh president of the United States in 1828. Jackson's candidacy for President quickly gained many supporters early on. Jackson stood as an example of someone who came from nothing. Andrew was an orphan who overcame humble beginnings in the rural areas of the Carolinas only to later become a hard working, self made businessman. Jackson’s military exploits made him very popular and a rising political star. In 1822 the Tennessee Legislature nominated him for the presidency of the United States. To boost his credentials, Jackson ran for and won election to the U.S. Senate the following year Jacksons's two main opponents were John Quincy Adams and William H. Crawford. Both candidates had been looking to become the President since 1816. In my opinion, Jackson was a very good president but made terrible and in humane choices. An example of this is Jackson’s approach and actions towards the native Americans and their rights. The trail of tears, which was Jacksons way of moving the Indians, resulted in over 4000 innocent …show more content…

Jackson hated banks and because of this he made efforts to kill off the U.S. Bank. This triggered a major economic depression that caused Profits, prices, and wages to go down while unemployment went up. this recession went on for about seven years. During this time banks collapsed, businesses failed, and many workers lost their jobs. One change that Andrew jackson made was the change of currency. The Specie Circular was a United States presidential executive order that has been issued by President Andrew Jackson in 1836. The Specie Circular required payment for government land to be in gold and silver. This created panic among many people due to them thinking that their old currency is now

Show More
Related

  • How Did Andrew Jackson Respond To The Financial Panic Of 1837

    267 Words  | 2 Pages

    Andrew Jackson wanted and even gave everyone equal economic opportunity by lessening monopoly with his bank veto. However, the financial panic of 1837 was caused by two of his plans, these include pet banks and Specie Circular. People in favor of the national bank proposed a renewal bill for the Second National Bank's charter. Jackson was not necessarily opposed to central banking as much as he was to the idea of the Second National Bank. By opposing the bill, the Second Bank expired and the US would be without an official bank for many years.

    Read More

  • What Are Andrew Jackson's Goals

    228 Words  | 1 Pages

    Andrew Jackson was a self made man and didn’t need the wealthy man 's money to succeed his goals in life. He was a hardworking middle class American who was born into poverty from Irish immigrant parents in 1767. He fought briefly in the American Revolution War, studied law and became the prosecuting attorney for western North Carolina, elected to the House of Representatives in 1796, and later the Senate the very next year in 1797. He rose to fame during the War of 1812 when he soundly defeated the British at the Battle of New Orleans using a remarkably egalitarian force of slaves, Haitians, Choctaw, French pirates, Canary Islanders, and frontiersmen. After the war at New Orleans he was dubbed the name “Old hickory” for his leadership and

    Read More

  • Andrew Jackson: The Seventh President Of The United States

    293 Words  | 2 Pages

    The seventh President of the U.S was known as Andrew Jackson. He served two terms from years 1829 to 1837. Jackson grew up in South Carolina, attended local schools and joined “the Army at age 13 during the American Revolution” (The Library of Congress). Before being successfully elected as President, Andrew Jackson studied law in his late teen years and became a lawyer in Tennessee. As a heroic general, Jackson also defeated the British at New Orleans in the War of 1812 (White House Historical Association).

    Read More

  • Andrew Jackson's Negative Impact On The United States

    153 Words  | 1 Pages

    Instead of negotiating with the Indians and coming to an agreement, like a good president should, he forced them to move west. Andrew Jackson dreaded national banks. His bad experiences with banks, resulted in his feelings toward them. He ordered the bank to closure. As a result, bankruptcy followed, which eventually led to economic depression, for the nation.

    Read More

  • Andrew Jackson: The Era Of The Common Man

    1960 Words  | 8 Pages

    The era of Andrew Jackson which was nicknames the era of the “common man” certainly lived up to its name. As the seventh President of the United States, Jackson had a major effect on the life of the common man, in such a way that the life of the common man would never be the same again. Jackson’s aim, after the manner in which he was defeated in the Presidential Election of 1824, despite receiving more popular votes than John Quincy Adams who took on the office, was to reduce the power and the authority of the elite. When he came into power after the 1828 election Jackson began to carry out his proposals. Jackson expanded the voting right to all men, in accordance with the Declaration of Independence of 1776 which declared that “all men are created equal” instead of just the elite.

    Read More

  • Andrew Jackson Hero Research Paper

    480 Words  | 2 Pages

    Is Andrew Jackson a hero or a villain? Throughout history Jackson has been viewed as both. Some see him as a war hero and the people’s president. Others see him as a racist and a political tyrant. To me, Andrew Jackson is more of a hero.

    Read More

  • How Did Andrew Jackson Changed American Politics

    465 Words  | 2 Pages

    The founders of the United States did their best to create a government that would not allow erroneous decisions to greatly harm the nation. They set a percent of presidents being politically sound and well-known; their beliefs for how the nation should be handled were essential to their campaign. President Andrew Jackson, however, did not follow this system, instead winning primarily by his personality and popularity amongst the common American. While his actions in office often appeared to be for the people, most had a hidden selfish side to them that he easily covered up. With the election of 1828, Jackson radically changed American politics, focusing them more on public appearance and personal character than on intelligence and political views, making personality just as, if not more important than the actual politics of a political term.

    Read More

  • Andrew Jackson Strengths And Weaknesses

    170 Words  | 1 Pages

    Although Andrew Jackson had many faults, here are some acts that were not fully inadequate. Firstly, he vetoed the Second Bank of the United States, which was believed to have too much power and was unfairly benefiting the wealthy at the expense of ordinary citizens. He also modernized the navy and strengthened the military, which helped the United States defend itself against foreign threats and was a strong advocate for the Union. These things can be seen as favorable to the “common folk” but some of his acts were at the expense of others. For example, Jackson supported states rights to appeal to the people, but he drew the line at nullification where states have the right to veto a law they don't see fit within their boundaries, which also

    Read More

  • Differences Between Jefferson And Jackson's Forms Of Democracy

    638 Words  | 3 Pages

    He followed through with what he said he would do. Mr. Jackson was the first president that was not born into wealth or from the east (U.S.History, 2016)He did not like the idea of having a private bank to house Federal funds and have unnecessary authority over interest rates (Wulf, 2006). Jackson was the first president to veto on policy grounds, rather than constitutionality, as he vetoed the bill authorizing the Second Bank of the United States destroying it altogether, as he thought it would ruin the country (Wulf, 2006). Mr. Jackson also started the Spoils System, which controlled the employment of federal workers because he thought some federal workers were not loyal to him (Wulf, 2006). The family farm was Jackson’s idea of a strong American economy, so he passed the Indian Removal Act, forcing the Native Americans from their land, opening it up for farms to flourish (Wulf,

    Read More

  • How Did Andrew Jackson Impact The Common Man

    417 Words  | 2 Pages

    Andrew Jackson presidency focused a lot on small government and pleasing the common man. He attempted to shut down national banks to make government smaller. Jackson also enforces things like the Indian Removal Policy, which strengthened the bond between Jackson and the common man. Jackson was the first and only president to make the country debt too. All of these impacted are government today very much as well as other governments around the world.

    Read More

  • Should Andrew Jackson Deserve To Be On The 20 Bill?

    605 Words  | 3 Pages

    Does Andrew Jackson Deserve to be on the 20-dollar bill? In my belief Andrew Jackson does not belong on the 20-dollar bill, due to the simple fact of that in 1836 Andrew Jackson tried over throwing the U.S national bank because he believed that hard currency like gold and sliver should be used. Andrew Jackson in some sense is an ironic placement on any paper currency in the United States. Although this topic is very controversial in the United States. I will try and clarify my belief about why Andrew Jacksons placement on the twenty dollar bill and why he should be reconsidered.

    Read More

  • Why Was Andrew Jackson A Bad President?

    510 Words  | 3 Pages

    This led to six long years of depression for the United States of America, and is another great reason why Andrew Jackson, also known as “Old Hickory”, was one of the worst presidents the United States ever had in its great history of US

    Read More

  • Andrew Jackson Good Or Bad

    516 Words  | 3 Pages

    Andrew Jackson has been remembered as a ground breaking president, even being put on the $20. President Jackson was a controversial figure, doing many popular and unpopular things in his time. Although he is remembered as a hero from the war of 1812, he also caused the Trail of Tears and tried to destroy the National Bank. As a result, Jackson should not be put on the $20 bill. His actions have caused many misfortune showing that villains do exist.

    Read More

  • How Did Andrew Jackson Transform The Economy

    628 Words  | 3 Pages

    President Andrew Jackson had a strong view on the American economy. He mistrusted many policies and in his time in office drastically changed them to suit his views and ideals. After winning the 1828 election against John Quincy Adams and the 1832 election against Henry Clay, Jackson’s time in office was unquestioned. In his administration, Jackson’s economic policies led to the Panic of 1837 and transformed the American banking system. Jackson’s view on economy lead him to instate acts that significantly transformed the system of American economy such as the abolition of the second Bank of the United States.

    Read More

  • Andrew Jackson Dbq

    799 Words  | 4 Pages

    Andrew Jackson was a good ole boy from Waxhaws region, which is between North Carolina and South Carolina. Scottish-Irish descent, “Old Hickory” was raised in a backwoods settlement where he acquired a mere elementary education. Despite growing up in poverty, Jackson as a young teen taught himself law for about two years and became a phenomenal lawyer in the state of Tennessee. He later on became the first the man to be elected as a representative in the House of Representatives for Tennessee.

    Read More

More about How Did Andrew Jackson Affect The Economy

Open Document