Presidency of Andrew Jackson in the context of "Bank War"

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⭐ Core Definition: Presidency of Andrew Jackson

Andrew Jackson was the seventh president of the United States from March 4, 1829, to March 4, 1837. Jackson took office after defeating John Quincy Adams, the incumbent president, in the bitterly contested 1828 presidential election. During the 1828 presidential campaign, Jackson founded the political force that coalesced into the Democratic Party during Jackson's presidency. Jackson won re-election in 1832, defeating National Republican candidate Henry Clay by a wide margin. He was succeeded by his hand-picked successor and vice president, Martin Van Buren, who won the 1836 presidential election.

Jackson's presidency saw several important developments in domestic policy. A strong supporter of the removal of Native American tribes from U.S. territory east of the Mississippi River, Jackson began the process of forced relocation known as the "Trail of Tears". He instituted the spoils system for federal government positions, using his patronage powers to build a powerful and united Democratic Party. In response to the nullification crisis, Jackson threatened to send federal soldiers into South Carolina, but the crisis was defused by the passage of the Tariff of 1833. He engaged in a long struggle with the Second Bank of the United States, which he viewed as an anti-democratic bastion of elitism. Jackson emerged triumphant in the "Bank War" and the federal charter of the Second Bank of the United States expired in 1836. The destruction of the bank and Jackson's hard money policies would contribute to the Panic of 1837. Foreign affairs were less eventful than domestic affairs during Jackson's presidency, but Jackson pursued numerous commercial treaties with foreign powers and recognized the independence of the Republic of Texas.

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👉 Presidency of Andrew Jackson in the context of Bank War

The Bank War was a political struggle that developed over the issue of rechartering the Second Bank of the United States (B.U.S.) during the presidency of Andrew Jackson (1829–1837). This resulted in the shutdown of the Bank and its replacement by state banks.

The Second Bank of the United States was chartered for twenty years as a private institution with exclusive authority to operate on a national scale. While its stated purpose was to stabilize the American economy through a uniform currency and stronger federal presence, critics questioned whom it truly served. Supporters claimed that the Bank helped regulate prices, extend credit, provide a reliable currency, and offer essential services to the Treasury. However, Jacksonian Democrats and other opponents highlighted troubling examples of favoritism, alleging that the Bank catered to wealthy merchants and speculators while sidelining farmers, artisans, and small businesses. They pointed to the Bank's use of public funds for risky private ventures and its entanglement in political affairs as evidence of undue influence. For many, its blend of public authority and private profit was unconstitutional and eroded democratic ideals and state sovereignty. To its detractors, the Bank was a symbol of elite privilege and a potential threat to individual liberty.

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Presidency of Andrew Jackson in the context of Andrew Jackson

Andrew Jackson (March 15, 1767 – June 8, 1845) was the seventh president of the United States from 1829 to 1837. He rose to fame as a U.S. Army general and served in both houses of the U.S. Congress. His political philosophy, which dominated his presidency, became the basis for the rise of Jacksonian democracy. His legacy is controversial: he has been praised as an advocate for working Americans and preserving the union of states, and criticized for his racist policies, particularly towards Native Americans. He was also the founder of, and first president from, the Democratic Party, which dominates American politics to this day along with the Republican Party.

Jackson was born in the colonial Carolinas before the American Revolutionary War. He became a frontier lawyer and married Rachel Donelson Robards. He briefly served in the U.S. House of Representatives and the U.S. Senate, representing Tennessee. After resigning, he served as a justice on the Tennessee Superior Court from 1798 to 1804. He purchased a plantation later known as the Hermitage, becoming a wealthy planter who profited off the forced labor of hundreds of enslaved African Americans during his lifetime. In 1801, he was appointed colonel of the Tennessee militia and was elected its commander. He led troops during the Creek War of 1813–1814, winning the Battle of Horseshoe Bend and negotiating the Treaty of Fort Jackson that required the indigenous Creek population to surrender vast tracts of the present-day U.S. states of Alabama and Georgia. In the concurrent war against the British, Jackson's victory at the Battle of New Orleans in 1815 made him a national hero. He later commanded United States forces during the First Seminole War against the Seminoles and other allied Native groups. This campaign was one of the factors that prompted Spain to negotiate the cession of Florida to the United States, which was finalized in the Adams–Onís Treaty of 1819, in exchange for United States renunciation of territorial claims. He briefly served as Florida's first territorial governor before returning to the Senate. He ran for president in 1824. He won a plurality of the popular and electoral vote, but no candidate won the electoral majority. With the help of Henry Clay, the House of Representatives elected John Quincy Adams as president. Jackson's supporters alleged that there was a "corrupt bargain" between Adams and Clay (who joined Adams' cabinet) and began creating a new political coalition that became the Democratic Party in the 1830s.

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Presidency of Andrew Jackson in the context of Nullification crisis

The nullification crisis was a sectional political crisis in the United States in 1832 and 1833, during the presidency of Andrew Jackson, which involved a confrontation between the state of South Carolina and the federal government. It ensued after South Carolina declared the federal Tariffs of 1828 and 1832 unconstitutional and therefore null and void within the sovereign boundaries of the state.

The controversial and highly protective Tariff of 1828 was enacted into law during the presidency of John Quincy Adams. The tariff was strongly opposed in the South, since it was perceived to put an unfair tax burden on the Southern agrarian states that imported most manufactured goods. The tariff's opponents expected that Jackson's election as president would result in its significant reduction. When the Jackson administration failed to take any action to address their concerns, South Carolina's most radical faction began to advocate that the state nullify the tariff. They subscribed to the legal theory that if a state believed a federal law unconstitutional, it could declare the law null and void in the state. In Washington DC, an open split on the issue occurred between Jackson and Vice President John C. Calhoun, a native South Carolinian and the most effective proponent of the constitutional theory of state nullification.

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Presidency of Andrew Jackson in the context of Petticoat affair

The Petticoat affair (also known as the Eaton affair) was a political scandal involving members of President Andrew Jackson's Cabinet and their wives, from 1829 to 1831. Led by Floride Calhoun, wife of Vice President John C. Calhoun, these women, dubbed the "Petticoats", socially ostracized Secretary of War John Eaton and his wife, Peggy Eaton, over disapproval of the circumstances surrounding the Eatons' marriage and what they deemed her failure to meet the "moral standards of a Cabinet Wife".

The Petticoat affair rattled the entire Jackson administration and eventually led to the resignations of Vice President Calhoun (the first such departure in U.S. history) and all but one Cabinet member. The ordeal facilitated Martin Van Buren's rise to the presidency and was in part responsible for reducing Calhoun's stature from that of a nationwide political figure with presidential aspirations into a major sectional leader of the Southern United States.

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Presidency of Andrew Jackson in the context of 23rd United States Congress

The 23rd United States Congress was a meeting of the legislative branch of the United States federal government, consisting of the United States Senate and the United States House of Representatives. It met in Washington, D.C. from March 4, 1833, to March 4, 1835, during the fifth and sixth years of Andrew Jackson's presidency. The apportionment of seats in the House of Representatives was based on the 1830 United States census. The Senate had an Anti-Jacksonian or National Republican majority, and the House had a Jacksonian or Democratic majority.

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