Andrew Jackson Andrew Jackson can be described as a savior and a devil. He was the seventh president and made very controversial actions. James Parton states that Jackson was, “a patriot and a traitor” (Parton,1888). This shows that Jackson is an enigma, according to James Parton’s article about his life. This was concluded even though he was a war hero during the war of 1812. Although he had a questionable character the actions that he takes exemplifies the good that he does to other people and the Union.They all display that Andrew Jackson is suitable to be on U.S. currency. Andrew Jackson deserves to be on U.S. currency because he takes actions regardless of other people’s opinions about him having the main goal of bettering the nation. …show more content…
currency. This was caused by the Second National Bank opening. Eighty percent of the bank was controlled by private corporations. This wasn’t good because the private corporations only wanted to use the bank to benefit themselves. In response, Jackson sent a veto letter to Congress about the Second National Bank and even destroyed his chances of re-election. In this veto letter against the new bank, he states,”It is regretted that the rich and powerful too often bent the acts of government their selfish purposes” (Jackson, 1832). This proves Jackson’s worries for the national money because of what the private corporations would do to with bank’s money. This was because they owned more than the majority of the bank. He also shows that he is worried about the national money. As stated before he said that the rich and powerful which are the corporations often bend the rules to benefit only themselves but not to the nation. This is important to why Jackson should be on currency is because it expresses Jackson's intentions to secure the national money from the powerful corporations that will destroy the economy. This proves why he vetoed the bank and shows the good he does. Another excerpt from the bank veto letter that shows Jackson’s good intentions is that he states,”Of the twenty-five directors of the bank five are chosen by the government and twenty by citizen stockholders” (Jackson, 1832). This indicates how he is concerned again that eighty percent of the people in control of the second national bank were wealthy. This resulted in the states having no control of their own money. This is bad for the national economy as stated in the previous reasoning from Jackson’s veto letter due to their selfish mindsets. This is relevant because it illustrates how the bank is in danger and Jackson had to veto it to protect the economy. This shows
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.
Andrew Jackson hated the national bank. The national bank had too much power, he had people spy on the bank and Jackson found out that when they gamble and lose they charge the bank. But when they win the all split it in evenly between them. So he said by the
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.
Andrew Jackson not only merely disliked the banks, but was against them so much that he and his supporters resorted to calling them “Monster Banks”. Jackson tried, and succeeded, to close the Bank of the US during a conflict we know today as the Bank War. This bank war sparked the stock market crash and even a depression. Without the bank, the paper money that people were given had
Every single U.S. dollar bill is printed with the face of an important person on it. They are mostly printed with the faces of men who have helped change America for the better. The people who are on the dollar bills should be people who have revolutionized America in a positive way, value what America stands for today, and they expressed leadership and courage. Andrew Jackson does not meet these standards especially because he made many decisions during his presidency that had negative effects. He had economical, political, and social impacts on the nation which were negative.
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.
Andrew Jackson This is a paper about Andrew Jackson being on the 20 dollar bill. The question I am going to answer is, should Andrew Jackson be on the 20 dollar bill? First of all, let 's talk about the characteristics someone needs to qualify to be put on U.S currency. I think, the person in question need to be honest, brave, a leader, and needs to fight for what they believe in. They can 't give up at the first sight of danger.
He disliked the bank so much that he moved all the money to all the state banks he created. In document J, it shows Jackson standing a the constitution which is ripped up to shreds. When you walk all over something you are taking advantage of it and abusing its power and this is what Jackson was doing to the constitution. He is holding veto papers in who hand which stands for vetoing the bank and a scepter in the other. He has a crown on his head that represents as the king because he is forgetting about the people and acting like a kink and a dictator.
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.
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.
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.
He mistrusted paper money greatly, as well as believed in power to the common people. Andrew Jackson feared the Bank’s power. He was afraid of the Bank becoming stronger and lending that power to the elite without holding accountability towards them, something he believed great powers should have; accountability. Jackson specifically stated that he believed the Bank made “the rich richer and the potent more powerful.” Jackson liked the so-called farmer’s economy since it motivated people to be hardworking and independent.
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.”
President Andrew Jackson was a very significant part of the country’s growth. Andrew Jackson deserves to be on the $20 bill because he was a major war hero, he strengthened connections with foreign countries and paid off national debt. Some people could say that he was a bad president because he owned many slaves, but at that time owning slaves was a normal thing. There were many other presidents that owned slaves. One reason why President Jackson deserves to be on the $20 bill is because he was a major war hero.