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Editorial
April 20, 1837
The Arkansas Advocate
Little Rock, Pulaski County, Arkansas
What is this article about?
Sarcastic editorial critiques Andrew Jackson and Thomas Hart Benton's 'Experiment' involving the Bank of the United States' downfall, deposit removal, and 'better currency,' attributing recent economic failures in New York, New Orleans, and Mississippi's bankruptcy to these policies, predicting a major crash.
Clipping
OCR Quality
95%
Excellent
Full Text
"The Experiment," that famous bantling of Andrew Jackson and Mr. Humbug Benton, is turning out rather badly. The prostration of the Bank of the United States, the removal of the deposites and the "better currency," which was to succeed the changes wrought by the wiseacres in political economy who have been managing our matters of late, are now working out their effect. Failures are daily taking place in New York and New Orleans. Mississippi is bankrupt--cotton is at 6 cents--the banks are tottering--and a tremendous crash is at hand. Hurra for Gen. Jackson's administration, the experiment, and the better currency!
What sub-type of article is it?
Economic Policy
Partisan Politics
What keywords are associated?
Jackson Experiment
Bank Of The United States
Removal Of Deposits
Better Currency
Economic Failures
Mississippi Bankruptcy
Cotton Prices
What entities or persons were involved?
Andrew Jackson
Mr. Humbug Benton
Bank Of The United States
Editorial Details
Primary Topic
Critique Of Jackson's Banking Experiment
Stance / Tone
Sarcastic Criticism Of Jackson Administration
Key Figures
Andrew Jackson
Mr. Humbug Benton
Bank Of The United States
Key Arguments
The Experiment Of Jackson And Benton Is Failing
Prostration Of The Bank Of The United States
Removal Of The Deposites Causing Economic Issues
Better Currency Not Succeeding As Promised
Daily Failures In New York And New Orleans
Mississippi Bankrupt With Cotton At 6 Cents
Banks Tottering Toward A Tremendous Crash