A Nation Wholly Free: The Elimination of the National Debt in the Age of Jackson

Description: A Nation Wholly Free by Carl Lane Estimated delivery 3-12 business days Format Paperback Condition Brand New Description The Only Time America was Free from Debt and How it Lead to Our Two-Party System. Publisher Description When President James Monroe announced in 1824 that the large public debt inherited from the War for Independence, the Louisiana Purchase, and the War of 1812 would be extinguished on January 1, 1835, Congress responded by crafting legislation to transform that prediction into reality. Yet John Quincy Adams, Monroes 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. In A Nation Wholly Free: The Elimination of the National Debt in the Age of Jackson, award-winning economic historian Carl 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 Carolinas refusal to pay federal tariffs, become unified when debt freedom is understood as a core element of Jacksonian Democracy. The era of debt freedom lasted only two years and ten months. As the government accumulated a surplus, a fully developed opposition party emerged—the beginning of our familiar two-party system—over rancor about how to allocate the newfound money. Not only did government move into an oppositional party system, the debate about the size and role of government distinguished the parties in a pattern that has become familiar. The partisan debate over national debt and expenditures led to poorly thought out legislation, forcing the government to resume borrowing. As a result, after Jackson left office in 1837, the country fell into a major depression. We have been borrowing ever since on an enormous scale. A thoughtful, engaging account with strong relevance to today, A Nation Wholly Free is the fascinating story of an achievement that now seems fanciful. Author Biography CARL LANE is professor of history at Felician College in New Jersey. He received his PhD in history from the Graduate Center of the City University of New York. He is the author of Understanding the National Debt: What Every American Needs to Know (Westholme, 2016) and his articles have appeared in William and Mary Quarterly, Virginia Magazine of History, Essays in Economic and Business History, and other publications Details ISBN 1594163545 ISBN-13 9781594163548 Title A Nation Wholly Free Author Carl Lane Format Paperback Year 2020 Pages 288 Publisher Westholme Publishing, U.S. GE_Item_ID:130940154; About Us Grand Eagle Retail is the ideal place for all your shopping needs! With fast shipping, low prices, friendly service and over 1,000,000 in stock items - you're bound to find what you want, at a price you'll love! Shipping & Delivery Times Shipping is FREE to any address in USA. Please view eBay estimated delivery times at the top of the listing. Deliveries are made by either USPS or Courier. We are unable to deliver faster than stated. International deliveries will take 1-6 weeks. NOTE: We are unable to offer combined shipping for multiple items purchased. This is because our items are shipped from different locations. Returns If you wish to return an item, please consult our Returns Policy as below: Please contact Customer Services and request "Return Authorisation" before you send your item back to us. Unauthorised returns will not be accepted. Returns must be postmarked within 4 business days of authorisation and must be in resellable condition. Returns are shipped at the customer's risk. We cannot take responsibility for items which are lost or damaged in transit. For purchases where a shipping charge was paid, there will be no refund of the original shipping charge. Additional Questions If you have any questions please feel free to Contact Us. Categories Baby Books Electronics Fashion Games Health & Beauty Home, Garden & Pets Movies Music Sports & Outdoors Toys

Price: 27.5 USD

Location: Fairfield, Ohio

End Time: 2024-12-27T04:35:41.000Z

Shipping Cost: 0 USD