Jackson believed government was an entity for rich people, and he believed banks were crushing the common man. It wasn't liberalism he was fighting for. He was more a populist common-man fighter. The spending in the US went from 1.85 of GDP till 2.7% of GDP when he left office, so he was no liberterian.Jackson was for a smaller government and prized individual liberty over most other things. That sounds like a libertarian to me. And regardless of what Adams did... Jackson paid off the entire US debt.
Please explainThat is one school of thought. Others would state that the crisis was CAUSED by the Bank of US itself (fraud and corruption), problems with Mexican silver, and state government deficit spending... having nothing to do with Jackson.
Jackson took it national, so he is to blame.No, Van Buren CREATED it. Jackson borrowed it and took it national.