The Bank Battle

By Stevenvxk

  • Second Bank of The United States

    After the first Banks charter ended and caused financial problems a new bank was started in 1816 for another 20 years. It was meant to help with war debt from the War of 1812. It was disliked by President Andrew Jackson and many others because they felt it benefited rich people in certain areas more than others and thought that it was too influential.

  • McCulloch V. Maryland

    McCulloch V. Maryland was a supreme court case where Maryland tried to tax the second bank of the United states. the court decided that the federal government had the power to create the bank and that the states could not tax it. This helps conform that federal laws are above state laws.

  • Andrew Jackson Election

    The election of Andrew Jackson in 1832 was a turning point in the fight over the Second Bank of the United States. Jackson believed that the establishment of the bank was a major issue. He ran against Henry Clay who supported the bank. Andrew Jackson won the election and became the seventh president.

  • Banks Recharter Bill Passed by Congress

    In 1832 congress passed a bill to renew the charter of the Second Bank of the United States for 20 more years.

  • President Jacksons Veto

    President Andrew Jackson's veto was about stopping the renal of the second bank of the United States charter. Jackson disliked the bank because he believed that it was too powerful and only helped the rich and certain areas. He thought that it was unfair so he vetoed it preventing it from continuing.

  • Election of 1832

    Election of 1832 was when President Andrew went against Henry Clay. The main issue was whether the national bank was going to be kept or not because Jackson was against it and Clay supported it. Andrew Jackson had won

  • Withdrawal of deposits

    After President Jackson was elected Jackson was quick to withdraw government money from the bank and put the money into state banks which led the Second Bank to be shut down.

  • Election of 1840

    The election of 1840 was between President Martin Van Buren and William Henry Harrison. Harrison won the election and he had the same views on the bank as Andrew Jackson.