LEADER 02776nam 2200421 450 001 9910818873703321 005 20201012131258.0 010 $a1-59416-587-4 035 $a(CKB)4100000011458462 035 $a(MiAaPQ)EBC6176567 035 $a(EXLCZ)994100000011458462 100 $a20201012d2014 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 12$aA nation wholly free $ethe elimination of the national debt in the age of Jackson /$fCarl Lane 210 1$aYardley, Pennsylvania :$cWestholme Publishing,$d[2014] 210 4$dİ2014 215 $a1 online resource (192 pages) 311 $a1-59416-209-3 327 $aCrisis and promise : December 1824-March 1825 -- The crisis and promise of 1824-1825 in historical context -- The national debt and the failure of the Adams administration -- The accession of Jackson and the end of internal improvements -- Jackson, the Bank War, and the national debt -- The Nullification Crisis and debt freedom -- Awaiting debt freedom, 1833-1834 -- Debt freedom and the meaning of Jacksonian democracy -- Surplus, distribution, and the end of debt freedom -- Then and now. 330 $aWhen President James Monroe announced in his 1824 message to Congress that the [nation's] large public debt, [accumulated since the Revolution], would be extinguished on January 1, 1835, Congress crafted legislation to transform that prediction into reality. Yet John Quincy Adams, Monroe's successor, seemed not to share the commitment to debt freedom, resulting in the rise of opposition to his administration and his defeat for reelection in the bitter presidential campaign of 1828. The new president, Andrew Jackson, was thoroughly committed to debt freedom, and when it was achieved, it became the only time in American history when the country carried no national debt. Lane shows that the great and disparate issues that confronted Jackson, such as internal improvements, the "war" against the Second Bank of the United States, and the crisis surrounding South Carolina's refusal to pay federal tariffs, become unified when debt freedom is understood as a core element of Jacksonian Democracy.--$cfrom Jacket. 606 $aDebts, Public$zUnited States$xHistory$y19th century 607 $aUnited States$xPolitics and government$y1825-1829 607 $aUnited States$xPolitics and government$y1829-1837 607 $aUnited States$2fast 615 0$aDebts, Public$xHistory 676 $a973.56092 700 $aLane$b Carl$01598426 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910818873703321 996 $aA nation wholly free$93920684 997 $aUNINA