<em><u>President Jackson's actions with the national bank affect the nations economy as The national bank went under, which led to a steep decline in the dollar's value.
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Further Explanations:
Andrew Jackson was the “President” of the United States to have presided to the office from 1829 to 1845. Before becoming President, he got popularity as a “General” of the “United States Army”and has also assisted in both the House of Congress. He laid stress on promoting the rights of common citizens against the corrupt aristocracy. He favored “geographical expansionism”and alsovindicated the terms of “manifest destiny”.
In 1833, Jackson reacted in contradiction to the bank by eliminating central government credits and engaging them in domestic state banks. As federal revenue from land sales ascended, Jackson took it as an opportunity to fulfill his dream of paying off the national liability by early 1935. His act affected the national economy and led to the decline of dollar value.
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Answer Details
Grade: High School
Subject: History
Chapter: Andrew Jackson
Keywords: Andrew Jackson, general, United States Army, House of Congress, aristocracy, geographical expansionism, manifest destiny, European- Americans- African Americans, African- Americans, Jacksonian democracy
