Bank War and Mexican War
Bank war
The panic of 1837 lasted until the 1840s and significantly impacted the financial sector of the United States. During this period of the “killing of the banks,” Jackson’s economic policies were beginning to split the Democratic Party. The rush ignorance and self-willing acts of the most delicate people in the government resulted in the high prices and high rent, which produced strikes, trade-union conflicts, and labor riots, which were unprecedented by the people of the united states. Jackson’s reasoning for the “killing of the bank” was not discreet due to the following, Jackson presented a bill of renewal of the second bank charter to reduce banks economic power, which affected cotton farmers hence the low foreign demand of cotton by 17%. He also replaced two resistant secretaries of the treasury and decided that the federal government would not deposit its federal funds and used ‘pet ‘banks instead. These actions had continued worsening of the economy. The New Orleans banks begun to suspend specie payments resulting in paralysis of financial markets.
Mexican war
President James k.polk had the following reasons for asking for a declaration of war. The first reason was the tense hostilities over border issues. The president had sent some diplomat on a mission to Mexico to seek boundary adjustment and also to make an offer to purchase California and Mexico, but the mission failed. The other reason was the manifest destiny which the president, which was a clearly articulated plan for empire. The United States was not justified in entering the Mexican war due to the public opposition to the war. The war sparked widespread criticism throughout the literacy, journalistic and political circles. The annexation of Texas led to severe diplomatic relations with the United States the president sends an envoy to settle the disputes, but it did not pay. The resistance by Mexico would result in invasion and occupation by the United States troops. The fight would force the capture of all Mexico, which led to an increase in the penny presses of the urban northeast and Illinois.by the time the Guadalupe treaty rectified, the nation was utterly weary of the war.