Well, I don't even know about any President who has been worse than Andrew Jackson. I mean many sources claim Andrew Johnson is the worst, but at least he just fought any law that would give minorities equal rights. He didn't go out there, cheated them, killed them and stole their homeland.True. I never said Jackson was perfect, but putting him as one of the worst is absurd.
Jackson is no liberterian. Jackson was a populist. Adams reduced the debt from 13% to 7% of GDP per capita.JQ Adams did not do much of the work. Nowadays, Jackson would probably be seen as a Libertarian. His small government policies, appropriate for the time were what reduced the debt. Also, Van Buren worsened the economic crisis by doing nothing, and though Jackson had a part in what happened, The Bank of the US also had a part. Blaming it all on Jackson is inaccurate.
Jackson was the reason for the crisis. When he took power, he said no to renew the charter of Bank of the US and withdrew the money from the national bank and distrubuted it among local banks. The local banks began to heavily overstimate the situation and gave out too many loans to invest in new properties after the removal of the indians. This caused a property bubble, which jackson used to pay off the debt. Also, imports rose too fast and caused a trade deficit.
Then he decided to require only gold and silver as payment for public lands to fight overvaluation. This has disasterous consequences. He crashed the economy, and sent the debt levels back up to when he took office.
They are from the same party. No wonder he kept jacksons spoils system.Van Buren is the "father" of the modern patronage system. Jackson was the first to take it national.