Final answer:
Andrew Jackson's election was significant for reintroducing the two-party system and marking him as the first 'president of the people', representing a shift in political power to represent a wider demographic instead of just the elite.
Step-by-step explanation:
The election of Andrew Jackson was significant in several ways. Firstly, his election reintroduced the two-party system as his strong political stance and actions as president spurred the formation of an opposition party, the Whigs, against his Democratic Party, leading to a more defined two-party system in American politics. Secondly, Andrew Jackson was not the first president from a wealthy family but rather the opposite; he was seen as the first "president of the people", representing the common man and not born to an elite family. This was symbolically important as it showed that the presidency was not just reserved for the traditional elite. Moreover, his victory marked a transition from the elitist, small political parties of the past to mass political parties that sought wider popular support, which continues to be a central feature of today's political landscape. Contrary to the options provided, Jackson was neither the first well-educated president nor from a wealthy family which were typical of his predecessors.