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The 2nd Bank
The second bank was mostly for the wars. It also helped in diposits, managing debt, and making payments as well. -
Panic of 1819
The panic of 1819 was here the American economy went way down. Some causes of this was over-expansion, exports declining, the prices going down for imports from the Europeans, and prices on cotton going down as well. This pain didn't end until 1822. -
Jacksons Election
Jackson election was all ran by lots of different things. How popular he was and peoples political views.He caused lots of problems once he became president such as the Indians having to leave and the financial crisis the United Stated had. -
Recharter Bill
This event was made worse by Andrew Jackson rejection of the proposal. Federal deposits were moved to state-chartered banks as political division grew deeper. The Bank Controversy shaped political divides and ultimately led to the bank's extinction. -
Charter Renewal
The reason for the renewal of the charter was in order to cure economic trouble, and because there were people that wanted it back such as Henry Clay. This charter would expire in 4 years. The House of Representatives and the congress passed it but Jackson did not, unfortunately causing lots of economic trouble then before. -
Jackson Veto
The Jackson veto was where he thought that the Bank was unconstitutional. The congress had voted to enlarge the bank while Jackson vetoed it. -
Pet Banks
These banks were chose by the US Department of Treasury in order to see a growth in funds for treasury. These banks were corruptive because they were mostly with the democrats, they were given millions as a loan, and because they had lots of privileges which caused lots of problems the banking system. The reason why these banks failed is because they weren't adequate enough to hold the money given to them and they did didn't complete their investments. -
Panic of 1837
The Panic of 1837 was where the United States went through a crisis in their economic systems. Things such as their profits and regular everyday objects dropped. Lots of people were unemployed, the western expansion was out to a pause. Some causes of this panic were the absence of a national bank, inflations, and economics growing at a fast rate. -
Independent Treasury
The independent treasury system was a system put in place for the U.S only any order to have our own money supply. IT was also established in order to manage government funds we well. The effect of the Independent Treasury was It put limits on the credits they had, and it held back inflation for trading and the population as well. -
Election of 1840
This election consist of William Henry Harrison, who was a Whig General, and Martin Van Buren. The election was one by William Henry by 5%. The reason why this election was so significant is because at the time they were struggling economically.