Second National Bank, which left him and anti-Jackson people very upset with what they called the abuse of his powers. The increase in loans from the state chartered caused a land boom and gave the federal government a surplus (which it split up amongst the states), the increase in loans brought on the use of paper currency that was issued by the state banks, Jackson prohibited the use of paper money to by federal land or pay federal debts. This demand for coins called specie led to many bank failures in the Panic of 1837. I don't think he knew what he got himself into when he did this, and could of handled the situation a little better, but not all the blame should fall on his shoulders, because it wasn't his fault the private state-chartered banks issued the paper money when they didn't have the specie to back it up. Jackson's foreign policy showed a strong interest in making the French to pay long-overdue spoliation claims and reopening the British West Indian Trade. Even thought he personally agreed with the rebellion of Texas against Mexico. He didn't recognize the Lone Star republic until the day before he left office in 1837, and left the problem of Texas annexation to Martin Van Buren. Even though Jackson switched support form his successor Martin Van Buren to James K. Polk (probably due to Van Burins failed economic policy). Jackson was a powerful voice in the Democratic party even after retired. He died on June 8, 1845 on his plantation, the Hermitage, in Nashville Tennessee. Andrew Jackson was the first "peoples president." This comes from his youth in a frontier territory and his "people qualities" which helped him to be more touch with the people of the United States, and therefore the people of the United States took a more active role in the Government. He even went so far as to call himself the elected representative of all American people. I think that Jackson's strengthening of the powers of th...
