Andrew Jackson

US-amerikanischer Politiker und der siebte Präsident der Vereinigten Staaten (1829-1837).

January 1, 1767January 1, 1845

66 quotes found

"But the next serious issue was the Federal Bank, whose charter was due to come up for renewal in 1836. The National Republicans, or Whigs, now led by Clay, preferred to force it before the 1832 Presidential election. Jackson had long been expected to attack the moneyed power in politics. The position of the Bank illustrated the economic stresses which racked the American Republic. “It was an economic conflict,” wrote Charles Beard, “that happened to take a sectional form: the people of the agricultural West had to pay tribute to Eastern ! capitalists on the money they had borrowed to buy land, make | improvements, and engage in speculation.” The contest was joined in the election. The triumphant return of Jackson to power was in fact a vote against the Bank of the United States. It was in vain that Daniel Webster was briefed as counsel for the Bank. Jackson informed the Bank president, “I do not dislike your bank more than all banks, but ever since I read the history of the South Sea Bubble I have been afraid of banks.” He refused to consent to the passing of a Bill to renew the charter, and without waiting for the Bank to die a natural death in 1836 he decided at once to deprive it of Government deposits, which were sent to local banks throughout the states. When the charter expired it was not renewed, and for nearly thirty years there was no centralised banking system in the United States."

- Andrew Jackson

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"A charismatic figure, Jackson was combative, quick-tempered, and thin-skinned. To his friends he was generous, considerate, and above all loyal; to his enemies, mean-spirited and spiteful. "When Andrew Jackson hated," Robert V. Remini, a modern Jacksonian scholar, has written, "it often became grand passion. He could hate with a Biblical fury and would resort to petty and vindictive acts to nurture his hatred and keep it bright and strong and ferocious." He at time exploded with anger, but it is believed that he never really lost his temper. Rather, he launched into tirades quite purposefully either to intimidate his opposition or to end debate on a matter that was dragging on too long. Martin Van Buren, his closest adviser, marveled at Jackson's ability to turn his anger on and off at will. One minute he could be shrieking at the cabinet in the high register his voice invariably had whenever he was agitated; the next moment, alone with Van Buren after the others had left, he was relaxed and in good humor. At social occasions Jackson surprised many with his grace, poise, and charm. Around women he shed his backwoods manner and earthly language to engage comfortably in social discourse. He delighted in disappointing those who, he said, "were prepared to see me with a tomahawk in one hand and a scalping knife in the other.""

- Andrew Jackson

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"[W]ith sound-money and gold-standard morality transcendent, Jackson's destruction of the Bank was all but universally regarded as a villainous action. ...In more recent times, as the conventional wisdom of bankers has come... modestly into question and a heightened democratic ethos has ascribed both perception and virtue to the common man, Jackson's action has been viewed with contrasting warmth. He was... speaking for the small, energetic and aspiring folks of the new states, the new farms and the frontier. He was, in an important respect, their accidental ally. He opposed the bank as a monopoly—a monster which, as Biddle held, had power to rival that of the state. ...[I]t was also the power of his political enemies. But he favored hard money—he was for currency consisting of gold and silver and for eschewing all paper as the instrument of the devil. In getting rid of the bank, he got... the softest [money] of all—an explosion of new banks, and avalanche of bank notes. But this, and the loans so allowed, were what his constituents most wanted. Had Andrew Jackson succeeded in establishing... hard money... his name would have been reviled by the... small, energetic and aspiring folk of the frontier. Historians, in pondering whether Jackson was right or wrong on financial matters, must allow... a third possibility... that he was confused."

- Andrew Jackson

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