The Market Economy in Jacksonian America. Did it benefit or hurt Research Paper - 1

The Market Economy in Jacksonian America. Did it benefit or hurt america - Research Paper Example According to Jackson, the proper road to reform lay in an absolute acceptance of majority rule as was expressed through the democratic process. However, beyond these general principles, Jacksons campaign was particularly vague about specific policies. As an alternative, it stressed Jacksons life story as a man who had risen from modest origins to become a Tennessee planter who was successful. His claim to peculiarity lay in a military career that included service as a young man in the Innovatory War, some anti-Indian campaigns, and, of course, his topmost moment in the Battle of New Orleans at the end of 1812 war.2 Jacksons election marked a new direction in American politics. He was the first president to be elected from the west, certainly, the first president from a state other than Massachusetts or Virginia. He confidently proclaimed himself to be the common man champion and he believed that their interests were ignored by the aggressive national economic plans of and Adams and clay. Nevertheless, more than this, when Martin Van Buren followed Jackson as a president, this indicated that the Jacksonian movement had long-term significance that would outlast his own alluring leadership. In the year 1834, President Andrew Jackson was celebrating the â€Å"glorious victory.† The old warrior who battled the Seminoles, the British and the creeks now was cheering his victory over a president who was referred to as â€Å"colossal of corruption.† Now, who was the giant that jack had to eliminate from the world two earlier years? This mammoth was the bank of the United States of America and Jackson’s defeat of the bank and its president, Biddle, was among the most important legacies of his presidency.3 The bank of the United States had been formed in the year 1791. It was chartered by the federal government, its stock was owned jointly by private investors and the government. It served as the bank of the government- center of tax revenues were being