Andrew Jackson s President Of The United States - 3226 Words

On many accounts people look back on Andrew Jackson and applaud his terms as president. But those people do not look closer into his term on the huge mistake he made. To appeal his personal feelings and not for the greater good of the country, president Jackson vetoed the bill that would renew the Bank of the United States (BUS) in 1832. Because of this veto, state banks were unleashed from their restrictions and given the freedom they craved so badly. â€Å"He believed the financial sector of the American economy was spoiled, corrupt and bad for the overall health of the nation, and so he destroyed, at great length, great drama and great cost, the Bank of the United States.1 Due to many experiences brought up with him, Andrew Jackson failed†¦show more content†¦He thought they all violated the Constitution. But he was led by the men around him to focus his aversion on the federal Bank, which being the biggest must be the worst and whose regulatory pressure on the state ban ks must obviously be the oppression to be expected from a great, soulless corporation.4 This would cause his decision to veto the bill passed by congress and cause uproar. The president of the BUS at the time, Nicolas Biddle, would put up a long fight to try to save the bank he loved so much.5 One of the challenges faced with the decision to veto the bill was how the American people felt on the issue. Jackson did not take into account how this would affect the country and the people living within it. This was personal misfortune, undeserved and severe. The more important victim was the American people. For with destruction of the United States Bank there was removed from an overexcitable economy the influence most effective in moderating its booms and depressions.6 In spite of the American people and their opinion, Jackson acted on his own and in doing so made decisions that were not for him to do without having something to back up his words. In his famous veto message, he declared the bank â€Å"unconstitutional† whereas the Supreme Court would have never decla red the Bank constitution nor Congress if that were the case.7 Even some of the great people from the past supported the very thing Jackson