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Charter of the 2nd Bank
The bank was charted by James Madison even though he used to be opposed to the First National Bank. Sooner or later, Madison realized that in ordered to fund for the war against Britain, the Second National Bank was necessary. Also Due to the first banks charter expiration date getting closer, the renewal was a must in order for the states to continue to be financially stable. -
Jackson Vetos against the National Bank
Jackson despised the idea of the banks more than anyone. He was desperate to see the banks fall, so he used his power to fight against the banks. He vetoed the bank and spoke out claims of it being unconstitutional and a treat to human rights. -
Removal of Deposits
Whenever Jackson saw an attempt at taking down the a national banks he took it immediately. One of the ways was by removing federal deposit as well as appointing new cabinet members. -
Specie Circular
This was an act formed by Jackson that stated the only way someone could pay for government land was with gold and silver. Anything else was not acceptable. -
Election of 1840
The candidates of the election included William Harrison and Martin Buren. This election set a record as two Whig wins in row. William Harrison had defeated the democratic representative Martian Buren.