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Lecture 3

HIST 2010 Lecture 3: PRESIDENT JOHN QUINCY ADAMS AND ANDREW JACKSON

4 Pages
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Department
History
Course Code
HIST 2010
Professor
Lisa Swart

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PRESIDENT JOHN QUINCY ADAMS AND ANDREW JACKSON PARTICIPATE IN A
CANDIDATE DEBATE AT HARVARD UNIVERSITY, CAMBRIDGE
MASSACHUSETTS.
DATE: AUGUST 31st, 1828
SPEAKERS: PRESIDENT JOHN QUINCY ADAMS, ANDREW JACKSON.
MODERATOR: CHRIS WALLACE.
WALLACE: Good evening from the memorial hall at harvard university in cambridge,
massachusetts. Im chris Wallace of the ¨yellow journal¨, and today i welcome you to the
first of the 1828 presidential debates between president John Quincy Adams, the
republican nominee and Andrew Jackson, the democratic nominee. Today both
candidates will be debating on a few issues in our country. These issues include The
Second National Bank, Indians, Corruption in the White House and The “Corrupt
Bargain”.
WALLACE: Gentlemen good evening and welcome to you both. To start off segment
one of this debate, let us begin with president Adams opinion on the second national
bank. What has influenced you to keep the second national bank running?
ADAMS: Good evening chris, Mr. jackson and members of the audience. I would like to
extend special thanks to the staff and student body at harvard university for their
hospitality.
(applause)
Many may feel as though i'm continuing a legacy that was started by my father, former
president John Adams when he was an activist for the first national bank that was
eventually overthrown by thomas jefferson. Hence, many questioned the reason why i
encourage the growth of the second national bank. Rumours have peaked throughout
the states, stating that the second national bank only benefitted the wealthy but i assure
that on paper every individual benefitted from this national bank. To me the second
national bank is all about ensuring America's economic stability for a brighter future.
Think about what may have happen if their wasn't a national banking system in place to
ensure that money is properly circulating within the country. The war of 1812 was a
prime example which showed that a second national bank was need. Myself and former
president James Madison agreed that because of the upward surge of inflation caused

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Description
PRESIDENT JOHN QUINCY ADAMS AND ANDREW JACKSON PARTICIPATE IN A CANDIDATE DEBATE AT HARVARD UNIVERSITY, CAMBRIDGE MASSACHUSETTS. DATE: AUGUST 31st, 1828 SPEAKERS: PRESIDENT JOHN QUINCY ADAMS, ANDREW JACKSON. MODERATOR: CHRIS WALLACE. WALLACE: Good evening from the memorial hall at harvard university in cambridge, massachusetts. Im chris Wallace of the yellow journal, and today i welcome you to the first of the 1828 presidential debates between president John Quincy Adams, the republican nominee and Andrew Jackson, the democratic nominee. Today both candidates will be debating on a few issues in our country. These issues include The Second National Bank, Indians, Corruption in the White House and The Corrupt Bargain. WALLACE: Gentlemen good evening and welcome to you both. To start off segment one of this debate, let us begin with president Adams opinion on the second national bank. What has influenced you to keep the second national bank running? ADAMS: Good evening chris, Mr. jackson and members of the audience. I would like to extend special thanks to the staff and student body at harvard university for their hospitality. (applause) Many may feel as though im continuing a legacy that was started by my father, former president John Adams when he was an activist for the first national bank that was eventually overthrown by thomas jefferson. Hence, many questioned the reason why i encourage the growth of the second national bank. Rumours have peaked throughout the states, stating that the second national bank only benefitted the wealthy but i assure that on paper every individual benefitted from this national bank. To me the second national bank is all about ensuring Americas economic stability for a brighter future. Think about what may have happen if their wasnt a national banking system in place to ensure that money is properly circulating within the country. The war of 1812 was a prime example which showed that a second national bank was need. Myself and former president James Madison agreed that because of the upward surge of inflation caused
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