Jackson and the bank

Chartering of the Second Bank

1816

This would be a Second National Bank modeled after the First National Bank but would be Chartered by Congress for the next 20 years.

Panic of 1819

1819

This was a major crisis in the US, this would be when a lot of people took a lot of money from the bank in order to buy land.

Andrew Jacksons Election

1828

A common man liked by many people and he is a war hero. He would become the 7th president and is Dr Probert's favorite president.

Bank Recharter

Jul 10, 1832

This would be brought up by president Andrew Jackson and would favor the common people and not having a national bank and try to get rid of it.

Removal Of federal Deposit

1833

This would be one of Jackson's steps to removing the National Bank. This would take deposits from the second national bank and move them to the state banks.

The bank Charter Expiries

1836

This is when the Charter for the Second Bank had ended making it a private institution no longer under the federal government.

Panic of 1837

1837

This would be considered the collapse in the financial and banking sectors. This would support the land and railroad investments. It would also support Andrew Jacksons idea to get rid of a national bank.