By Yale BockIn 1824, Andrew Jackson ran for President against John Quincy Adams. In a highly contentious outcome, Adams struck a deal with Henry Clay which denied Jackson the presidency and gave Adams the highest office in the land. It was called by Jackson a "corrupt bargain" and he used it the next four years to discredit Adams and his government. In 1828, Jackson won the Presidency by defeating Adams. Jackson, known for his military leadership and great victory in the Battle of Orleans, was the father of populism and coattails in government.
In April of 2016, Treasury Secretary Jack Lew decided to replace Andrew Jackson on the front of the $20 dollar bill and replace him with Harriet Tubman, a former slave and abolitionist. When Donald Trump defeated Hillary Clinton this week to become our country's President elect, he used Jackson's playbook populism strategy of speaking to the common man.The implications of the election are huge, in my opinion. With respect to future policy, financial markets see a Trump Administration enacting policies which help many industries suffering from Obama's heavy regulatory touch.