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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 searc ....

Middle of Essay
.... to recharter the bank when Henry Clay proposed it in 1832. Even though it was passed through Congress, Jackson vetoed it claiming that it was unconstitutional but it was declared constitutional by the Marshall in 1819 during the McCulloch vs. Maryland case. This was one of many vetoes made by Jackson under the executive branch. Even though the charter was vetoed it was still valid for four more years and since Jackson abhorred the national bank, he schemed to destroy it by pulling out funds and creating many state-chartered banks which came to be called, “wild cat” or pet banks.” This was a bad decision however because these banks’ i ....

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