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Andrew Jackson And The National Bank
Beginning of essay
Andrew Jackson had violated his oath as president, making him a
perfect candidate for impeachment. Even from the start, his presidency was
a question of whether his decisions were based on the interests of the
whole nation or his own personal interests, in search of self- gain. After
examining h ....
Middle of essay ....failures created a nation-wide hysteria.
There was no limit on the circulation of bank notes and soon the
abundance of currency devalued it. With no choice, Jackson issued the
Specie Circular in 1836. This required the use of only gold and silver in
payment of all public lands. This sudden move created a demand for specie
in many banks, especially in the west. As demand increased, it moved east
also. Jackson left the country in a financially, disasterous state. As if
his financial decisio.... |
Number of words: 616 |
Approximate pages: 3 |
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