East Los Angeles College The Fight Against the Banks Discussion
I’m working on a history question and need an explanation and answer to help me learn.
First, define President Andrew Jackson’s feelings about the federal government’s economic and financial institutions (i.e., the Bank of the United States). Use historical information and details from the lesson.
Second, how did Jackson connect his veto of the Banking Bill to protecting the people? Use the source (his message) in the Materials section.
Third, compare Jackson’s feelings to modern-day conservatives’ criticism of the federal government’s involvement in today’s economy and financial institution.
Here are some current examples, but you can use anything that relates to the topic.
The Federal Reserve (Ron Paul after 2010)
Infrastructure Bill (easy to compare the 1820s to modern-day)
Minimum Wage Increase
Progressive Platform (President Biden’s or the liberal wing of the Democratic Party)
Describe the relationship between the federal government and the economy during the 1820s and 1830s. Use historical information and details from the lesson.
Knowledge of how banking works and why people distrust the institution.
Recognition that banks are essential to the development of the economy (if you want to buy land, a car, etc., you need a bank); however, they tend to over-issue paper currency and inflate prices at the expense of ordinary people.
Compare the hatred of banks in the 19th century to today.
Any citation style (APA, MLA, Chicago/Turabian, Harvard)
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