Jackson’s Presidency & The National Bank.

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Presentation transcript:

Jackson’s Presidency & The National Bank

Objectives:

Andrew Jackson

Jackson’s Firsts

Andrew Jackson

Jacksonian Democracy Expansion of voting rights Direct election by voters (at least closer to that) Openness in candidate selection Direct appeal to the voters

Conflict & Controversy Jackson’s presidency (1829-1837) was filled with conflict and controversy. 1830 – Indian Removal Act 1832 – Jackson vetoes the charter for the National Bank. The Whig Party forms in response. 1833 – The Nullification Crisis

The Spoils System

Controversy

The First National Bank

The Second National Bank

Jackson Acts Jackson vetoed the bill extending the bank’s charter Jackson believed the bank helped the wealthy, not the common man Jackson vetoed the bill extending the bank’s charter He withdrew all federal funds from the bank He put the money in state banks instead Allowed the bank’s charter to expire He believed that state banks would be more helpful for people

The Whigs Emerge

Jackson’s Displays of Power

“Of Veto Memory”

Fallout from the Bank War

Federal Reserve System

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