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Jacksonian Democracy Beginning of Paper For quite some time Americans have been led to believe that Jacksonian Democrats were the guardians of the people, and worked to improve the nation for the people. The truth remains, however, that during this period, President Jackson vetoed a bill to recharter the Bank of the U .... Middle of Paper .... did in fact boom during the 1820s and early 30s. With Samuel Slater’s introduction of the “Factory System” to America, and Eli Whitney’s Cotton Gin, the United States’ speed in manufacturing textiles increased rapidly. In 1837, however, America experienced a tremendous financial depression. Bad land speculation, and the fall of the Federal Bank (due to Jackson’s failure to recharter the Bank in 1832) were the two main factors that caused the financial crisis. Consequently, along with the inflation of the nati .... 729 words | 3 pages Subscription Length Price Join 30 days membership (recurring) $19.95 90 days membership (recurring) $39.95 180 days membership (non-recurring) $69.95