Sequence of events surrounding Jackson's battle with the Bank

By Sarah7631

  • 2nd National Bank chartered (1816)

  • Jackson Vetoes recharter (1832)

    Jackson wins re-election

  • Early recharter (1832)

    Proposed by Clay and Jackson Opponents
    Election Issue

  • Whig Party formed (1834)

    National Republicans and Jackson Democrats who supported the bank

  • Bank Expires

    Its charter expired, the Second Bank of the United States ceases to operate as a national bank. It receives a new charter from the state of Pennsylvania and reopens as the Bank of the United States of Pennsylvania.

  • Specie Circular (1836)

    required gold for purchase of land

  • Jackson removes money from National Bank (1836)

    money deposited in state banks (pet banks)

  • Van Buren elected president (1836)

    Jackson's V.P.

  • Panic of 1837

    Panic of 1837
    Van Buren blamed (some blame Jackson)
    No National Bank

  • Van Buren loses presidential election (1840)

    Whig candidate William Henry Harrison becomes president (dies 38 days into term)
    V.P Tyler becomes president (dark horse- no one expected him to be V.P or president)