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Jackson’s Presidency & The National Bank
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Objectives:
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Andrew Jackson
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Jackson’s Firsts
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Andrew Jackson
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Jacksonian Democracy Expansion of voting rights
Direct election by voters (at least closer to that) Openness in candidate selection Direct appeal to the voters
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Conflict & Controversy
Jackson’s presidency ( ) 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
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The Spoils System
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Controversy
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The First National Bank
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The Second National Bank
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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
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The Whigs Emerge
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Jackson’s Displays of Power
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“Of Veto Memory”
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Fallout from the Bank War
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Federal Reserve System
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