Impeachment of Andrew Jackson It is impossible to address President Jackson’s potential violation of the separation of powers without considering the constitutionality of the Bank of the United States itself. Although the Supreme Court was in favor of the creation of the bank, the fact remains that the National Bank could not exist without the stretching of powers and a loose interpretation of the Constitution. While this loose interpretation may help the nation’s richest become even richer, it completely goes against the main ideals of the countries founding fathers. So, therefore President Jackson’s actions, then, are merely the solutions to the problem of an unconstitutional institution. Jackson cannot be challenged for refusing to recharter the bank, since this is his right as chief executive. While removing its funding was not explicitly within his sphere of power, he cannot be trailed for refusing to recharter the bank because this is in his right of power. So, removing funds was a logical course of action to confront a question of constitutionality and national …show more content…
The national bank was incredibly biased in its working, which completely eliminated any equal opportunities for the nation’s people. The bank only favored those who were amongst the rich and powerful. For one, the bank has most frequently been run by those tied to Northern industry. Therefore, little funding or loans have been given to western expansion or to any other southern interests. In addition to these biased actios, Congress itself has granted exclusive privileges to wealthy bank stockholders. The bank was immensely beneficial to a small group of individuals, and harmful to the rest of the nation. Therefore, Jacksons action were due to his promise to defend and support the “common man” of the nation in order to withhold American values and his own ideals of
During his second term, in the spring of 1833 after being distracted by the Nullification Crisis did he again focused on destroying the Bank. He withdraws the government’s money from the bank and was places in the state banks on September 25, 1833 by the ordered of the Treasury in the beginning of October. Biddle, in effort, countered that the Bank will ceases the offering loans nationwide which cause the nation to a near-panic since the state banks were unable to meet the demands of their loans. Despite that, Jackson becomes even more determine to stop the Bank. He pushes toward the use of “hard” currency in 1834.
As mentioned that the ultimate motive for Jackson was the National Bank. Jackson believed that the bank was evil like a “monster” for several reasons. Some of those reasons being that the
Andrew Jackson vetoed the bill re-chartering the Second Bank in July 1832 by arguing that in the form presented to him it was incompatible with “justice,” “sound policy” and the Constitution. 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. That market power increased the bank’s profits and thus its stock price, “which operated as a gratuity of many millions [of dollars] to the stockholders,” who, Jackson claimed, were mostly “foreigners” and “our own opulent citizens.” He then suggested that it would be fairer to most Americans to create a wholly government-owned bank instead, or at least to auction the Second Bank of the US’s monopoly privileges to the highest bidder.
Jacksonian Democracy was the supporting of the common white American. The destruction of the Federal Bank supports the common people. Jackson annihilated the bank because he viewed it as a corrupt business made to make the rich more affluent. When he destroyed the bank, he gave the money from the deposit and distributed it to smaller banks known as pet banks.
However, those who were relied on agriculture opposed it. Jackson had wanted to financially damage the bank so it would eventually go out of business. He believed that the bank cheated the farmers and made the rich richer. After destroying the bank, he had put the money into state banks, making the common man happy. By doing this, he had benefitted the common man.
In Jackson's Bank Veto Message, he states that his principal reason for his veto was that he wanted to prevent the existence of monopolies. This is a fine reasoning that also goes along with is political views. The objection to this is that he was warned on how it would be detrimental to the United States economy but still went through with it. It cannot be overlooked that he had to fire two different secretaries until he finally appointed a close friend to agree with him. This is an obvious abuse of power, seeing as he fired two people simply for telling him that his idea would not work.
Accessed October 12, 2015. http://www.digitalhistory.uh.edu/disp_textbook.cfm? smtID=3&psid=3923. “President Jackson 's Veto Message Regarding the Bank of the United States; July 10, 1832.” Yale Law School Lillian Goldman Law Library The Avalon Project.
Jackson disliked the National Bank because he believed it would “make the rich richer and the potent more powerful” (Jackson). Jackson also was not fond of the idea that a quarter of bank stocks were held by foreign investors, leading them to be successful based off the bank’s success, not Americans. Last, Jackson deemed the National Bank unconstitutional. Jackson concocted a plan to destroy the bank which consisted of Jackson ordering his Secretary of Treasury to withdraw all the money from the bank and putting it into State “Pet” Banks. With the National Bank in loss of money, they recalled the loans, but the people who withdrew the loan were not in the financial place to repay the money quite yet.
Bank; Jackson declined it because he despised the idea of a bank that the bank belongs to the government. Since Jackson was at war against the bank, it was the worst in his eyes. Jackson did not dislike all banks, but he thought the U.S. bank was corrupt ("The War Against the Bank."). Jackson liked hard money, gold or silver instead of paper money. Nicholas Biddle was the leader of the bank when Jackson became President, and Jackson disliked him because he was from a rich family, and did not earn his way.
Andrew Jackson was seen as a common man the voice of the people by some. By others he was King Andrew, trampling the constitution and instigating tyranny. Jackson’s presidency impacted democracy, through his use of the veto power, and his claim of Clay creating a “corrupt bargain”, which is not a turning point for a rise in democracy despite him giving white male suffrage. During Jackson’s use of executive power weakened voice of the people.
In document L it states "It sows... the seeds of jealousy and ill-will against the government of which its author is the official head." This means the bank was housed be both senete and house and Jackson didn't want
Jackson 's push to abolish national banks other wise known as "the bank wars" was one of his more well known pushes for small government. In 1832, Jackson had vetoed a bill calling for an early renewal of the Second Bank’s charter, but renewal was still possible when the charter expired
In the document “Jackson Battles the Bank”, it shows Jackson fighting off a monster, or the national bank, with a veto stick. Jackson was fighting to destroy the national bank. He wanted to do this because it favored the rich and not the common people. He was fighting for people to have equal rights. Instead of having no bank at all, he came up with the idea to create state banks which wouldn’t be as powerful as the National Bank.
From what I read and what he said, I thought it sounded like he didn’t want to shut down the United States Bank. And then in Document 5, Webster acted like Jackson should put an end to the bank by saying, “It manifestly seeks to inflame the poor against the rich, it wantonly attacks whole classes of the people, for the purposes of turning against them the prejudices and resentment of the other classes.”
One of the biggest thing that Jackson had done as a president was in 1832. Jackson vetoed a bill that would renew the second bank charter early. Jackson stated “I will kill it!”. He said this because he didn’t like the bank at all and he believed that it made the rich richer and the poor poorer. He said in his veto message “It is easy to conceive that great evils to our country and its institutions might flow from such a concentration of power in the hands of a few men irresponsible to the people.”