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Hamilton Fed Bank
He proposed a Bank of the United States with a $10 million capital (then five times more than all other American banks combined) and the ability to issue paper money. -
Jackson's Third Charter
declaring that the Bank was "unauthorized by the Constitution, subversive to the rights of States, and dangerous to the liberties of the people.announced that the Government would no longer deposit Federal funds with the Bank and would -
Jackson Refuses To Renew
the Bank was "unauthorized by the Constitution, subversive to the rights of States, and dangerous to the liberties of the people .sent a message to the United States Senate -
State Banks Are Est . Pet Banks
state banks that were selected to receive surplus Federal Treasury funds in 1833.Use of the pet banks contributed to a national financial panic that year. failed to regulate the economy and contributed to a massive economic panic -
Economic Crisis Of 1837
The panic started with a problem in Europe, when the stock market crashed. triggered the first 'Great Depression' in the United States and abroad