Westward Expansion and Regional Differenc11

Westward Expansion and Regional Differenc11 -...

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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 
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This note was uploaded on 12/21/2011 for the course AMH AMH2010 taught by Professor Pietrzak during the Fall '10 term at Broward College.

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