However personal vendettas and corruption led to the destruction of these values during the 1820’s and 1830’s. From injustice tariffs to horrific Indian removal policies and even Jackson’s own personal rivalries, the interests of Jackson and his comrades were always brought to the forefront. The common man was left to fend for himself because of Jackson’s focus on his own beliefs and a misguided personal agenda. The nation was thrust into turmoil because Jackson and the Jacksonian democrats disregarded what would have been best for the nation. The pledge to protect political democracy was polluted throughout Jackson’s presidency.
What factors influenced the extension of the franchise up to 1918? The franchise of democracy was extended to more and more people in Britain from 1867, 1884 and 1918. This happened for many reasons. At the time there was growing public pressure to push new political ideologies of democracy and liberalism and the newfound attitude of the working and middle-class that were the earners of the country, therefore they should get the vote. These factors tie in with the political power plays between the Whigs and Tories, who were playing for an advantage over one another, and the looming threat of socialism.
One example was the Second Bank of the US. Established in 1816, the Second Bank of the United States had, by the 1830's, become a tool of the rich Northeasters that failed to respond to the people and states' needs. Its president, Nicholas Biddle, typified all that many Americans despised in Northern businessmen. Being that the Bank represented a true defiance of equality of economic opportunity, Jackson fought the bank passionately. In 1832, Jackson vetoed the bank's charter.
MV Apush Jackson DBQ During the age of Jackson from the 1820’s to 1830’s there was a great deal of controversy in regards of democracy. The period saw an immense increase in voter participation, nominating committees replaced caucuses, and electors began to be popularly elected. There was also controversy with laws passed during the decade as well as controversy between the two opposing political parties, the Whigs and the Jacksonian Democrats. But nonetheless, the Jacksonian Democrats were champions of the Constitution, democracy, liberty, and equality. Certainly, many common working people were satisfied with Jackson's actions to protect their equality of economic opportunity.
Banks weren’t always consider too big to fail, mostly because no one believed that a bank would ever fail. During the Depression, hundreds of banks became insolvent and depositors lost their money. In this time banks were allowed to fail because there were no regulations. As a result, the U.S. enacted the 1933 Banking Act, sometimes called the Glass-Steagall Act, which created the Federal Deposit Insurance Corporation (FDIC) to insure deposits up to a limit and prohibited banks from selling and buying securities from their costumers or selling mutual funds. In exchange for the deposit insurance provided by the federal government, depository banks are highly regulated and expected to invest excess customer deposits in lower-risk assets.
Macon’s bill #2 also had a positive affect on the United States in the short term, as it reopened trade with France and England, and for a short time just France, which had been America’s greatest commercial sources of trade. That is how President Madison’s actions positively impacted the United States. Andrew Jackson, throughout his term, also performed several actions that had negative impacts on the nation. One such action was the chartering of the Second National Bank of the United States. While the bank provided an efficient method by which the war debts of the United States could be handled, it also created division amongst the American people.
During this period (1820-1850), more offices became elective, voter restrictions were reduced or eliminated (for white male adults), and popular participation in politics increased. The Democratic Party, led by Jackson, appealed to this growing body of voters by stressing its belief in rotation in office, economy in government, governmental response to popular demands, and decentralization of power. The two parties were different from each other in their philosophies, constituencies, and in the character of their leaders. In the mid-1830's opposition began growing on "King Andrew I". The Whigs were a major political party between 1834 and the 1850s, unified by their opposition to Andrew Jackson and their support for federal policies to aid business.
Industrialization had a major impact on American society. It was a time of growth and expansion for the nation as a whole as it brought about new ideas and resistance to reformation. In many ways industry was helpful to America’s economy, but it was also a hindrance for the vast majority of the population. People like Sam Patch, otherwise known as the working poor, did not have much opportunity to advance in society, so as time passes there’s more resistance and protest to letting the rich get richer. The messages sent from the famous jumps of Sam Patch were the beginning of a new of democracy, and a fulfillment to the true meaning of the word equality.
These people challenged the federal bank’s constitutionality (2). He shows the farmers malcontent attitude in this statement, “They mistrusted the central bank, seeing in it both the subordination of the states prerogatives and a federal government that was exceeding its powers”(2). McDonough also feels that the farmers or agrarians could be held responsible for the destruction of the second bank. They were able to do this under the leadership of President Jackson. The failure to renew this second bank charter allowed for a generation of “bank anarchy and monetary disorder ”(2).
They feared once these principles were established they could be extended to ‘soak the rich’ and even out the unfair distribution of wealth in Edwardian Britain. The land taxes were especially controversial, as they would not actually produce a great deal of tax revenue. The Lords denounced this proposal as a ‘class war’. The Lords believed it was their duty to restrain governments from making sweeping changes the electorate had not voted on. A final less important reason was that the Lords believed that it was the fault of the poor that they were destitute in the first place.