Westward Expansion and Regional Differenc11

Westward Expansion and Regional Differenc11 - Nation, ,...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Westward Expansion and Regional Differences Nation, slavery grow in new frontier In the presidential campaign that followed, the bank question revealed a fundamental  division.  Established merchant, manufacturing, and financial interests favored sound  money.   Regional bankers and entrepreneurs on the make wanted an increased money  supply and lower interest rates.  Other debtor classes, especially farmers, shared those  sentiments.  Jackson and his supporters called the central bank a “monster” and  coasted to an easy election victory over Henry Clay. The president interpreted his triumph as a popular mandate to crush the central bank  irrevocably. In September 1833 he ordered an end to deposits of government money in 
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Ask a homework question - tutors are online