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Bank Battle

By NCMississippi

  • 2nd Bank Charter of 1816

    2nd Bank Charter of 1816
    A newer version of the Bank chartered by Alexander Hamilton under Washington's Presidency. Designed to do the exact same thing as the original.

  • Bank opens

    Bank opens
    The Second National Bank of the United States opens for business, selling stocks in twenty towns around the nation.

  • Biddle Becomes Bank President

    Biddle Becomes Bank President
    Nicholas Biddle was appointed to be the president of the bank, becoming the third, a very easy target for Jackson to attack.

  • Election of Jackson

    Election of Jackson
    Jackson was elected, he was deemed the "People's President" and was already called a war hero for his outstanding victory at the battle of New Orleans in the War of 1812.

  • Jackson Re-elected

    Jackson Re-elected
    Jackson's re-election caused more problems for the pro-bank citizens because shortly after he was re-elected he vetoed the recharter.

  • Daniel Webster's Speech (1832)

    Daniel Webster's Speech (1832)
    Daniel Webster gives a speech on the distress Jackson's veto of the Bank impacting the nation.

  • Recharter of 2nd Bank

    Recharter of 2nd Bank
    Henry Clay and Daniel Webster, along with other opponents of Jackson, passed the bill rechartering the Second National Bank. They wanted to force an issue for that years election for President, Jackson later vetoes the bill proving his stance.

  • Money Movement

    Money Movement
    Jackson planned to move the money from the main bank into smaller banks, he planned this would weaken the US Bank and force a shut down.

  • Jackson Veto of Recharter

    Jackson Veto of Recharter
    Jackson was very against the National Bank and he decided to tell the nation where he stood on the stance. He shoots down the idea of keeping the bank.

  • Whig and Jacksonian Democratic Parties

    Whig and Jacksonian Democratic Parties
    Jackson's followers aligned with the beliefs of the Democratic party while his opposition formed the Whig party based on the idea that Jackson was a tyrant.

  • Independent Treasury Act

    Independent Treasury Act
    This act was proposed by Martin Van Buren to separate the Government and the Banking System, to ease the tensions with the West and the South. This plan would fail in the House after passing in the Senate.

  • Election of 1840

    Election of 1840
    William Henry Harrison defeated the incumbent president Martin Van Buren, changing the presidential party from Democratic to Whig.