John Tyler Quotes
Our wise men flattered us into the adoption of the banking system under the idea that boundless wealth would result from the adoption.
Tyler, John. "Speech on the Bank of the United States." 20 Feb. 1819. Annals of Congress, 15th Cong., 2nd Sess., Gales and Seaton, 1855, p. 1311.
The building was named after Marriner Eccles.
All money has based on the Gold Standard then. But the economic output of the American colonies was increasing rapidly. If the money supply stays fixed, there is a shortage of money and this then inhibits further growth, Franklin realized this and called for an increase in the money supply. He was only 23 years old when he wrote this essay and had these insights.
John Tyler was the tenth president of the United States, holding office from 1841 to 1845 after briefly serving as the tenth vice president in 1841; he was elected vice president on the 1840 Whig ticket with President William Henry Harrison. Tyler ascended to the presidency after Harrison's death in April 1841, only a month after the start of the new administration. He was a stalwart supporter and advocate of states' rights, and he adopted nationalistic policies as president only when they did not infringe on the powers of the states. His unexpected rise to the presidency posed a threat to the presidential ambitions of Henry Clay and other politicians, and left Tyler estranged from both major political parties.
