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Jackson vetoes the renewal of the Second Bank of the United States
Jackson vetoes Bank billJackson vetoes it just a week after congress passed it, and argues its unconstitutional. -
Jackson orders the pulling of government funds from the 2nd B.U.S. to be deposited in state "pet banks"
Andrew Jackson is trying to destroy the Bank, and he put money in state banks. -
Jackson censured by the Senate for putting federal funds in state banks
U.S. Senate: Censure Andrew Jackson
Jackson was the 1rst president to be censured for refusing to turn over documents. Documents regarding jackson's veto legislation. -
Nicholas Biddle demanded that old loans be repaid and no new loans
Nicholas Biddle/loans
Nicholas Biddle tries to help in economy. -
Specie Circular-Must use gold/silver to buy land
Specie Circular
The government would allow only land to be paid in silver or gold. Jackson issued this because high inflation. -
State banks begin to accpet payment only in specie
State Banks only accept payment in specie
They had to either pay in gold or silver, which also led to the closing of the bank. -
Martin Van Buren takes office
Presidential Inauguration.Martin Van Buren. March 4, 1837
Martin Van Buren serves from 1837 to 1841. He was the first preseident who was not born a British subject; First time the President-elect and President rode to the capitall together. -
Banks run out of gold/silver and the government can not get any money
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2nd Bank of the United States goes out of business
Second Bank of the United States
One of Andrew Jackson's goal was the destroy the bank. -
William H. Harrison and the Whig Party take control
William H. Harrison and the Whig Party take control
William H. Harrison died while in office, and was the first.
