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The Bank War and the Partisan Press - Newspapers, Financial Institutions, and the Post Office in Jacksonian America (Paperback)
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The Bank War and the Partisan Press - Newspapers, Financial Institutions, and the Post Office in Jacksonian America (Paperback)
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President Andrew Jackson's conflict with the Second Bank of the
United States was one of the most consequential political struggles
in the early nineteenth century. A fight over the bank's
reauthorization, the Bank War, provoked fundamental disagreements
over the role of money in politics, competing constitutional
interpretations, equal opportunity in the face of a
state-sanctioned monopoly, and the importance of financial
regulation-all of which cemented emerging differences between
Jacksonian Democrats and Whigs. As Stephen W. Campbell argues here,
both sides in the Bank War engaged interregional communications
networks funded by public and private money. The first reappraisal
of this political turning point in US history in almost fifty
years, The Bank War and the Partisan Press advances a new
interpretation by focusing on the funding and dissemination of the
party press.Drawing on insights from the fields of political
history, the history of journalism, and financial history, The Bank
War and the Partisan Press brings to light a revolving cast of
newspaper editors, financiers, and postal workers who appropriated
the financial resources of preexisting political institutions-and
even created new ones-to enrich themselves and further their
careers. The bank propagated favorable media and tracked public
opinion through its system of branch offices while the Jacksonians
did the same by harnessing the patronage networks of the Post
Office. Campbell's work contextualizes the Bank War within larger
political and economic developments at the national and
international levels. Its focus on the newspaper business documents
the transition from a seemingly simple question of renewing the
bank's charter to a multisided, nationwide sensation that sorted
the US public into ideologically polarized political parties. In
doing so, The Bank War and the Partisan Press shows how the
conflict played out on the ground level in various states-in riots,
duels, raucous public meetings, politically orchestrated bank runs,
arson, and assassination attempts. The resulting narrative moves
beyond the traditional boxing match between Jackson and bank
president Nicholas Biddle, balancing political institutions with
individual actors, and business practices with party attitudes.
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