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Jackson vs the bank

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jackson vs the bank

James Knox Polk November 2, — June 15, was the 11th president of the United Statesserving from to He previously was Speaker of the House of Representatives — tne Governor of Tennessee — Polk is chiefly known for extending the territory of the United States through the Mexican—American War ; during his presidency, the United States expanded tim churchill with the annexation of the Jackson vs the bank of Texasthe Oregon Territoryand the Mexican Cession following the American victory in the Mexican—American War.

After building a successful law practice in TennesseePolk was elected to the state legislature in and then to the United States House of Representatives inbecoming a strong supporter of Andrew Jackson.

jackson vs the bank

After serving as chairman of the Ways banm Means Committeehe became Speaker of the House inthe only president to have been speaker. Polk left Congress to run for governor of Jackson vs the bank he won in but lost in and He was a dark horse candidate for the Democratic nomination for president in ; he entered his party's convention as a potential nominee for vice president but emerged as a compromise to head the ticket when no presidential candidate could secure the necessary two-thirds majority.

jackson vs the bank

Historians have praised Polk for having met during his four-year term every major domestic and foreign policy goal he had set. After a negotiation fraught with the risk of war, he reached a settlement with Great Britain over the disputed Oregon Countrythe territory, for the most part, being divided along the 49th parallel. He provoked a war with Mexico in banj attempt to expand the nation and succeeded in doing so, as it resulted in Mexico's cession of nearly all the American Southwest.

He secured a substantial reduction jackson vs the bank tariff rates with the Walker tariff of The same year, he achieved his other major goal, re-establishment of the Independent Treasury system.

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True to his campaign pledge to serve only one term, Polk left office in and returned to Tennessee, where he died three months after leaving the White House. Though relatively obscure today, scholars have ranked Polk favorably for his ability to promote and achieve the major items on his presidential agenda, despite limiting himself to a single term. However, he has also been criticized for leading the country into an aggressive war against Mexico and thus exacerbating divides between free and slave states.]

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