Jackson's Veto of the Second Bank

Paper Summary:

This paper discusses how Andrew Jackson's veto of the renewal of the Second Bank of the United States was a major campaign issue when he ran for reelection against Henry Clay in 1832. The paper first explains that Andrew Jackson felt that it was unjust that the Second Bank of the United States was making foreigners and America's wealthiest class richer at the expense of everyone else. The paper then explains that Henry Clay argued that President Jackson had abused his power as president by vetoing the bank that had broad support of the Congress. The paper relates that ultimately, the nation decided that Jackson made the most compelling argument and they returned him to the White House. The writer opines that he himself would have voted for Jackson.

From the Paper:

"Andrew Jackson's veto of the renewal of the Second Bank of the United States was a major campaign issue when he ran for reelection against Henry Clay in 1832. In fact, this issue represented the crux of Clay's argument as to why he should be president and Andrew Jackson should not. While Jackson vetoed the renewal of the bank and let it die because he believed that the bank concentrated vast amounts of wealth in the hands of a few, including many foreigners, Clay argued that Jackson overstepped his constitutional powers by invoking a veto to a bill that was backed by a large portion of the Congress. Ultimately, the nation decided that Jackson made the most compelling argument and they returned him to the White House."

Sample of Sources Used:

• Clay, H. On President Jackson's Veto of the Bank Bill, July 10, 1832. http://facweb.furman.edu/~benson/docs/clay.htm
• Jackson, A. Bank Veto Message, July 10, 1832.. http://odur.let.rug.nl/~usa/P/aj7/writings/veto.htm

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