I, Zhu Houzhao, join the US imperialist chat group

Chapter 36 Jackson: Everyone made money, who lost?

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

At a horse farm in Washington, a white horse and a black horse galloped for two laps, then slowly slowed down and kept pace.

The black horse slowed down the white horse slightly.

After hearing Jackson's words, Van Buren stepped forward and stared at President Jackson, who was in his sixties and had a strong face.

"Your Excellency, what are your instructions?"

The two men were Jackson and his Vice President, Martin Van Buren.

"What was the reaction of those at the Second National Bank?"

Jackson did not give instructions immediately, but suddenly asked something.

"Mr. President, are you asking about those people in William Jones? Those people are not willing to accept the abolition of the Second Bank. They are now hanging out with Henry Clay and his group of Whigs, trying to rely on them to become president. was able to restart the Second Bank.”

As Jackson's most trusted and most useful right-hand man, Van Buren was deeply involved in the fight with the bank. Jackson just mentioned it and he was able to deal with various situations at his fingertips.

"Other people are trying to persuade Congress to open a third bank, and they are still using the same old rhetoric. The United States cannot live without banks, just like Rome cannot live without the Pope, and other ridiculous reasons."

"In short, under your pressure, President, the Second Bank and Henry Clay cannot stand up!"

Van Buren and Jackson advanced and retreated together. After Jackson retired, he took over as the eighth president, maintaining the political legacy of Jackson's democratic era... At the same time, he was also cheated by Jackson.

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

Due to this matter, he was not re-elected and only served as president for one term.

It can be said that he succeeds like Jackson and fails like Jackson, and he is destined to live in the shadow of Jackson for the rest of his life.

"..."

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

"Okay, Martin. Let's talk about what happened to banks in various states after the abolition of the Second Bank, especially New York State, where you were the governor..."

Jackson interrupted Van Buren's enlargement and once again focused on the economy.

"Your Excellency, without the hegemony of the Second Bank, our American states are now thriving and full of vitality... The number of loans from banks in various places has steadily increased, and many businessmen have directly borrowed money to invest in the real estate market. You have forgotten that last month we went During the New York State inspection, there was a real estate businessman who threatened that as long as he had enough money, he could build a fifty-story building..."

"Also, the value of land in Chicago has risen to one million US dollars from US$15.6 a year ago, and demand exceeds supply..."

"Also, many businessmen are lobbying Congress to introduce a "Free Banking Act". It only costs 10 US dollars to open a bank. Now, everyone can be a banker."

What is the result of opening a bank with 10 US dollars and then printing money like crazy and lending money?

The result is naturally that four years before the Opium War, that is, in 1836, the United States was 150 years ahead of other countries and launched the first online loan bank, and everyone was a bank.

"I heard that Congress has approved it? This bill is still on your desk. Have you seen it?"

"Also, because opening a bank requires land mortgage, the people at the Federal Land Office are crazy busy. There are a bunch of people holding banknotes to buy indicators all day long. Their sales so far have exceeded 10 million US dollars. You know, four Years ago, their annual sales were only 2.5 million US dollars. Now there are many people in the Federal Land Office who want to be transferred..."

“As people’s incomes rise, our support rate will further increase!”

Van Buren was talking about the booming performance of financial markets following the cancellation of the central bank.

After all, successfully abolishing the Second National Bank was a victory for him and the president.

Facts have proved that after the cancellation of the Second Bank, not only was it not as alarmist as those guys said, but the situation has been improving all the way, which slapped those authoritative bankers in the face.

This kind of thing proves that Jackson and his forward-looking vision, how could Van Buren conceal his joy.

Jackson stopped completely, tightened the reins, stopped, and looked at Van Buren: "Martin, why didn't you tell me about the situation you mentioned before!" That's not normal!
Everyone makes money and everything gets better!
So who loses?

Although Jackson did not understand the laws of economics, the strange behavior of the land and real estate markets still frightened him.

"Your Excellency, isn't this what you want?"

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

"We can't let them go on like this, this is a disaster!"

"Make them stop this!"

Jackson quickly galloped on his horse, trying to withstand the impact of the financial tsunami with his mortal body.

After all, he didn't tell anyone about the chat group like Washington did.

Van Buren froze on the spot, watching Jackson go away quickly, having no idea what kind of madness Jackson was going through.

But he soon caught up.

Only this time, Jackson miscalculated.

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

After all, Jackson had just rejected their proposal with one vote before.

The president's words cannot be so childish.

There is another deeper reason. The Second Bank has been abolished, and there is endless money everywhere. These Congressional gentlemen have long been dismissed by businessmen or themselves to participate in the carve-up feast.

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

Jackson worked hard for a week and stopped before discovering this matter under Van Buren's investigation.

This undoubtedly allowed him to break through his defense again.

After all, as soon as he came to power, he promoted the breaking of the political distribution system and vigorously eliminated some second-generation officials in the officialdom, allowing more civilian officials to play their roles and making the American officialdom more upright.

Now, because of his abolishment of the Second Bank, these federal officials have received benefits and are deeply involved in it.

This is a financial tsunami that cannot be stopped by human power. Jackson, who has always been proud, was deeply hit and finally realized the horror of loosening financial regulation...

……

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

"Besides reaffirming that we're going to win the civil war?"

Compared to Jackson, who was hit hard after the chat, Lincoln felt that nothing was gained from this second chat.

In addition, review the history class and get to know Washington and Jackson again.

"It doesn't count, Jackson reminded me... we can only win this battle!"

"So, next, just go all out and win this battle!"

Lincoln gained little. Although he knew the outcome of the war, he did not become arrogant.

After finishing the chat, he became more involved in this Civil War that he could not afford to lose.

But he is a little more confident than before. After all, there is a fighting hero Jackson in the group!
He wanted to review the entire battle carefully, wait for the next chat, and seek Jackson's opinion... and be prepared to meet the future president.

(End of this chapter)