The Journal of Libertarian Studies
Jacksonians, Banking, and Economic Theory: A Reinterpretation
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 and the distribution of the surplus caused a panic and depression. Recent research has included much evidence that indicates that this traditional interpretation requires economic, and also political, revision. More importantly, however, the traditional interpretation suffers from a faulty economic theory.
Volume 2, Number 2 (1978)
Cite This Article
Hummel, Jeffrey R. "Jacksonians, Banking, and Economic Theory: A Reinterpretation." Journal of Libertarian Studies 2, No. 2 (1978): 151-165.