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Bank War, in U.S. history, the struggle between President Andrew Jackson and Nicholas Biddle, president of the Bank of the United States, over the continued existence of the only national banking institution in the nation during the second quarter of the 19th century.
15 de dic. de 2009 · Learn how Jackson vetoed the recharter of the Second Bank of the United States in 1832, sparking a political conflict with Biddle and his supporters. Explore the background, impact and aftermath of the Bank War on American banking and politics.
Hace 5 días · Despite occurring over 180 years ago, the “Bank War” between President Andrew Jackson and Nicholas Biddle, the President of the Second Bank of the United States seems quite familiar in the modern context.
The Bank War was a political struggle that developed over the issue of rechartering the Second Bank of the United States (B.U.S.) during the presidency of Andrew Jackson (1829–1837). The affair resulted in the shutdown of the Bank and its replacement by state banks.
With the Panic of 1819, Jackson was quick to blame the Bank, and he was not alone. The Bank’s failed response to the panic sparked a major reshuffling in leadership and propelled a younger board member, Nicholas Biddle, to the presidency of the Bank.
14 de mar. de 2024 · Learn about the life and career of Nicholas Biddle, the president of the Second Bank of the United States who opposed President Jackson during the Bank War. Find out how he used lobbying, media, and political tactics to preserve the Bank's charter, and how he faced ruin after its demise.
20 de oct. de 2019 · Learn how President Andrew Jackson fought against the Second Bank of the United States, led by Nicholas Biddle, in the 1830s. Find out why Jackson vetoed the bank's charter, removed its assets, and issued the Specie Circular, and how these actions contributed to the Panic of 1837.
