The Great Battle of the Jackson Presidency Jackson and the Bank The Great Battle of the Jackson Presidency

Agenda for February 27, 2017 Do Now: Name the political figure who is depicted on the following dollar bills and give a potential reason for their depiction on this currency: the one dollar bill, the five dollar bill, the ten-dollar bill and the twenty. Complete Jackson and the bank guided notes via power point. Complete Jackson and the bank writing prompt: Determine if Jackson should remain on American currency based on the failed banking policies. Each pair will pick one prompt to present for one minute till the end of class. Homework: Facebook project/ storyboard due March 2nd. E.Q. sheets due for all classes March 2nd. Complete Facebook worksheet by Tuesday(Period 5 and 7).

Answers for Do Now

Grievances Jackson had with the Bank 1. The Bank was a wealthy Institution run mostly by eastern bankers that was not controlled by “the common man.” 2. The Bank held federal money and controlled the nation’s money supply. This harmed many poor western farmers who could not get money for land.

Nicholas Biddle President of the Second Bank of the U.S. A rich, wealthy, member of a banking family who opposed Andrew Jackson.

Clay and Webster plan for combat Clay and Webster wanted Biddle to apply for a new charter for the bank in order to defeat Jackson in the 1832 election.

The battle over the Bank and the election of 1832 Webster and Clay wanted to prove that the bank had popular support but Jackson and his supporters won the election and shut down the bank.

Political cartoon of Jackson Era

How the panic of 1837 and the end of the Second Bank are connected Small banks were flooded with worthless federal and state money after the National Bank closed causing an economic depression(the Panic of 1837). Jackson and his successor, Martin Van Buren, believed that the federal government should not get involved in the economic affairs of the country and refused to help the farmers and businessmen who had lost their jobs.

Van Buren economic achievement Believed in Laissez-faire economics- A belief that the government should not get involved in economic affairs. In 1840 he created the Federal Treasury.

Opinion piece on Jackson and the twenty dollar bill. Basics: You have been contacted by a survey company that wants to know if Jackson should remain on the twenty dollar bill due to his failed economic policies? In one paragraph defend a position on Jackson’s image on the twenty dollar bill, either A) Jackson should stay on the twenty dollar bill, or B) he should be removed. Defend your position with two facts from the notes we took today on the success or failure of Jackson’s banking policy depending on your view. Looking for: 1 claim about Jackson’s depiction on the twenty. Two facts on the notes. You will be asked to share your response with the class. Hand your paragraph in at the end of the period. You have twelve minutes to complete this task independently and quietly.