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Andrew Jackson And The National Bank
Beginning of paper
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 his actions, it is easy to pronounce that he acted ....
Middle of paper
....hemed 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’ instability and
failures created a nation-wide hysteria.
There was no limit on the circulation of bank notes and soon the
abundance of currency devalued it.... |
| Word count: 616 |
Page count: 3 |
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