Andrew Jackson and the National Bank.
Andrew Jackson fears the power held by the National Bank and this is exactly why he is dedicated to destroying it. The truth is that this bank symbolizes our country as a whole, with all the states and their money working together. Jackson came from a small log cabin in a frontier territory and he is intimidated by the fundamental "eastern" principles this country was built upon. Nothing but problems will come from denying the extension of the bank's charter. We could be faced with difficult financial situations as the nation's money would de divided between the states and rural areas could end up with a surplus of money while urban cities could face a deficit. .
Corporations will surely suffer if President Jackson is to veto the charter extension. To deny the National Bank is to demean the National government, and the fact is that Jackson is not a supporter of a strong National government. He feels that the National government should have limited powers and it this kind of belief that will bring down the country as a whole. .
Mr. Jackson feels that the National bank is a monopoly and is therefore unconstitutional; however, how can you say that a Nationally sponsored institution in a monopoly, when it is in its nature to be the only bank used by the government. I don't quite see how improvement is unconstitutional, as our constitution was written to guide us as a nation, with the ability to be changed and that is why it is always being adapted as we face new frontiers and meet new limits. .
If Andrew Jackson brings down the National bank of these United States all he is doing to bringing down the country as a whole, and showing why the government should be run by those well educated who know what they are doing. The "aristocracy" as he calls is did fine when we were breaking off from Britain, but now that we are independent Jackson has to go and uproot the governing body of this fine country and twist it and mangle it so that it resembles something so abstract that it only suits him while forgetting the principles and methods followed when constructing these United States.
