Andrew Jackson represented the common man. He did several things to try to level the playing field between the upper class and the working class. Besides trying to give the common person more opportunities in politics and in the government, President Jackson also tried to level the playing field by going after the national bank.
Andrew Jackson believed the bank favored the wealthy and influenced Congress. He believed the policies of the bank also favored...
Andrew Jackson represented the common man. He did several things to try to level the playing field between the upper class and the working class. Besides trying to give the common person more opportunities in politics and in the government, President Jackson also tried to level the playing field by going after the national bank.
Andrew Jackson believed the bank favored the wealthy and influenced Congress. He believed the policies of the bank also favored businesses while hurting the working person. Jackson, himself, had suffered some losses because of actions of the bank. This influenced his dislike of the bank. He believed people should have more access to credit than they were able to receive from the bank.
Thus, Andrew Jackson set out to destroy the bank. He vetoed extending the bank’s charter. He also withdrew the government’s money from the national bank and put it into state banks. This led to a series of actions by the state banks and the development of the Specie Circular that eventually led the economy into a depression. Andrew Jackson may have disliked the bank, but his dislike led to serious economic issues because of the policies that followed after he vetoed the extension of the bank’s charter.
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