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Jacksonians, Banking, and Economic Theory: A Reinterpretation

Journal of Libertarian Studies

Author: Jeffrey Rogers Hummel

Online Publish Date: October 8, 2018

Category: Money and Banking, Money and Banks, U.S. History

Volume 2, Number 2 (1978) Andrew Jackson’s war upon the Second Bank of the United States and the economic consequences stemming from it badly need a new historical interpretation. The traditional interpretation asserts that Jackson’s veto of the Bank re-charter and withdrawal of government deposits caused an inflation; Jackson’s Specie Circular

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