Jackson and The Bank

2nd Bank in 1816

Apr 1, 1816

The Second Bank of the United States was the country's second legally recognized Hamiltonian national bank. It was chartered in Philadelphia, Pennsylvania, from February 1816 until January 1836.

The Bank War

Jun 1, 1832

While Andrew Jackson's presidency, the political conflict over the destiny of the Second Bank of the United States was known as the Bank War. Jackson vetoed a bill to recharter the Bank in 1832, launching a campaign that would finally lead to its demise.

Bank Recharter Bill

Jul 10, 1832

While Andrew Jackson's presidency, the political conflict over the destiny of the Second Bank of the United States was known as the Bank War. Jackson vetoed a bill to recharter the Bank in 1832, launching a campaign that would point the way to its demise.

The End To Deposits

Sep 18, 1833

Jackson instructed the bank to stop accepting government funds and to begin withdrawing funds currently in its possession. The administration deposited funds in selected state banks, which the opposition referred to as "pet banks."

Election of 1840

Oct 30, 1840

Whig General William Henry Harrison defeated Democratic President Martin Van Buren in the national election. Harrison won the popular vote by a 5% majority, but he dominated the electoral college. Harrison was nominated at the Whig National Convention in 1839, the first in Whig history.