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Lincoln Assasinated For Going Against Banks
05-20-2015, 02:21 AM
Post: #6
RE: Lincoln Assasinated For Going Against Banks
Lincoln against the banks? No way. The Republican platform of 1860 supported banks, especially strong ones, through the National Banking Act (why we have so many "First National Banks" in this country even today), always part of Henry Clay's American System of 1824. Being a Whig and a Clay idolator, and not joining the Republican party until it adopted such an economic policy in the 1850s, Lincoln was always for sound banks to finance American industrial expansion. What Lincoln and the Republicans were against was unregulated state and private banks that the Jacksonians saw as democratic (and the Republicans saw as unreliable for business) that was why the Jacksonians worked to gut and then destroy the Second United States Bank in 1832-36.
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RE: Lincoln Assasinated For Going Against Banks - Wild Bill - 05-20-2015 02:21 AM

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