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The bank charter was supposed to expire in 1836; however, Henry Clay pushed it through congress to cause it to become an election issue.
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Henry Clay's plan to recharter the bank was halted to a stop when Jackson vetoed it. It's significant because this is when Jackson began to show he was above congress.
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This election was between John Quincy Adams and Andrew Jackson. It is very significant because the wealthy in the North didn't win the presidency.
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This is when Jackson finally put an end to the bank. He removed all deposits from the vault and proposed that the deposits would gradually shrink.
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Biddle reacted by calling in all bank loans, which caused a financial crisis that is known as "Biddle's Panic."
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Federal funds were put into smaller institutions called pet banks. These banks helped raise the economy and spread paper money across the country
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The time in which Jackson had pet banks all across the country
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A decree that made everyone buy land with metal money. The reason for doing this was so the speculative boom would end
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A crash in the economy that cause the country to go into a widespread panic.
