How Did Andrew Jackson Affect The Economy

Satisfactory Essays
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
Get Access