Chapter 36, Jackson: Everyone Makes Money, Who Loses?

"Martin, now I need you to help me with something."

At a horse farm in Washington, a white horse and a black horse slowly slowed down and drove side by side after two gallops.

The black horse slowed down the white horse by half a bit.

Hearing Jackson's words, Van Buren clamped the horse's belly slightly, stepped forward, and stared at the president Jackson, who was in his sixties and still had a sharp face.

"Your Excellency, what instructions do you have?"

The two were none other than Jackson and his vice president, Martin Van Buren.

"What is the reaction of those people from the Second National Bank?"

Jackson didn't give instructions immediately, but suddenly asked about something.

"Mr. President, are you asking William Jones about those people? Those people, not willing to abolish the Second Bank, now mingled with Henry Klein's Whigs all day long, trying to restart the Second Bank by virtue of their presidency. ”

As Jackson's most trusted and best right-hand man, Van Buren was deeply involved in the battle with the bank, and Jackson only mentioned it, and he was at ease with all kinds of situations.

"Still others are trying to persuade Congress to open a third bank, or the clichΓ© that America can't do without banks, just as Rome can't do without the pope and so on."

"In short, under the pressure of your bullet, the Second Bank and Henry Clay, don't think about turning over!"

Van Buren and Jackson went and fell together, and after Jackson's retirement, it was he who took over the eighth presidency and preserved the political legacy of Jackson's democratic era...... At the same time, it was also pit by Jackson.

This pit is the economic depression and bankruptcy caused by the abolition of the Second Bank.

In this matter, he was not re-elected, and only served one president.

It can be said that he became Jackson and defeated Jackson, and he was destined to live in the shadow of Jackson for the rest of his life.

β€œβ€¦β€¦β€

Looking at the talkative and confident deputy, Jackson suddenly felt a little guilty, at least he had not shown the so-called economic depression during his tenure.

"Alright, Martin. Tell me about the banks in the states after the abolition of the Second Bank, especially when you were governor of New York......"

Jackson interrupted Van Buren's expansion to focus again on the economic sphere.

"Your Excellency, without the tyranny of the Second Bank, our American states are thriving and thriving...... The number of bank loans has been steadily increasing, and a lot of businessmen are borrowing directly into the real estate market, you forget, when we visited New York last month, there were real estate businessmen who threatened to build a 50-story building if they had enough money......"

"Also, the value of land in Chicago, from $156,000 a year ago, has risen to $1 million, and demand ......is still in short supply."

Also, a lot of businessmen lobbied Congress to introduce a Free Banking Act that would allow you to open a bank for only $100,000. Now, everyone can be a banker. ”

$100,000 to open a bank and then print money and lend money like crazy, what is the result.

As a result, four years before the Opium War, that is, in 1836, the United States was 150 years ahead of other countries, opening a precedent for online lending banks, and everyone was a bank.

"I heard, Congress has already approved it? This bill is still on your desk, I don't know if you have read it? ”

"Also, because the bank requires a land mortgage, the Federal Land Office and their people are simply busy, there are a bunch of people holding money to buy indicators all day long, and their sales have exceeded 10 million US dollars so far, you know, four years ago, their annual sales were only 2.5 million US dollars. The Federal Land Office, there are so many people who want to transfer in now......"

"People's income has risen, and our support rate has further increased!"

Van Buren was talking about the booming performance of financial markets after the central bank canceled.

After all, the successful abolition of the Second National Bank was a victory for him and the president.

It turns out that after the cancellation of the Second Bank, not only was it not as alarmist as those guys said, but the situation went all the way up, slapping those authoritative bankers in the face.

This kind of thing proves that Jackson and his vision are forward-looking, how can Van Buren hide his joy.

And Jackson stopped completely, tightened the reins all of a sudden, stopped, and looked at Van Buren deadly: "Martin, why haven't you told me about these situations before!" ”

Abnormal!

Everybody makes money, everything gets better!

So who loses?

Although Jackson didn't understand the laws of the economy, the strange performance of the land and real estate markets still made him frightened.

"Your Excellency...... Isn't that what you want? ”

Van Buren hesitated, this rhetorical question made Jackson choke, yes, this is what he has always wanted.

"Can't let them go on like this, it's a disaster!"

"Let them stop this!"

Jackson quickly galloped wildly, trying to fend off the onslaught of the financial tsunami with his mortal body.

After all, he didn't talk about the chat group as Washington did.

Van Buren was directly stunned in place, watching Jackson go away quickly, completely unaware of what Jackson was crazy about.

But he quickly caught up.

Only this time, Jackson miscalculated.

Even if he is a president who is powerful and domineering and domineering like a king, he will simply ignore his backsliding proposals.

After all, Jackson had only vetoed their proposal with one vote before.

When the president makes a statement, it is naturally impossible to play such a child's play.

In addition, there is a deeper reason, the Second Bank has been abolished, there is an inexhaustible amount of money everywhere, and these congressional lords have long been divided into the feast by businessmen or in person.

This financial feast has just begun, how could they stop.

Jackson worked hard for a week and stopped to find out about it under Van Buren's investigation.

This undoubtedly made him break the defense again.

After all, as soon as he came to power, he promoted the breaking of the political fat distribution system, and wantonly eliminated some second-generation officialdom, so that more civilian officials could play a role, and American officialdom was more upright.

Now, because of his abolition of the Second Bank, these federal officials have benefited and are deeply involved.

This was a financial tsunami that could not be stopped by manpower, and Jackson, who had always been proud, was deeply affected and finally realized the horror of deregulating finance......

……

"So, I didn't get anything from this chat?"

"Except to reconfirm the civil war that we will win?"

Compared with Jackson, who was hammered after chatting, Lincoln's side, he felt that he had nothing to gain from this second chat.

Besides, revisit the history lesson, reacquaint yourself with Washington, Jackson.

"Not really, Jackson reminded me...... This battle, we can only win! ”

"So, next, let's go all out and win this battle!"

Lincoln did not gain much, and although he knew the outcome of the war, he was not arrogant.

After the chat, he became even more involved in the Civil War, which he could not afford to lose.

But compared to the original, he is a little more confident, after all, there is a battle hero Jackson in the group!

He's going to review the whole battle and wait for the next chat to ask Jackson for his opinion...... and, prepare for the future president.