How did Andrew Jackson help out the economy during his presidency?

Answer 1

He got rid of the 2nd US bank

he paid off some of the national debt

he helped get us Florida

he drove the British out of New Orleans

he helped negotiate Texas coming into the Union

he returned us to a Specie standard

Jackson got rid of the Bank because he saw this as a monopoly for the rich to get richer and Jackson was in support of the commonwealth people.

Although Jackson lowered the national debt, he did not actually pay off the debt. Jackson got it to only about $33 million dollars, the lowest it had ever been since the Jacksonian Era. Jackson although having good intentions, caused the panic of 1837 due to the destruction of the Bank.

The practice of Specie Circular which was the use of only gold or silver for currency.