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Bank Recharter Bill of 1832
Was designed to renew the second bank of the United States, however, Jackson vetoed it not even a week later. -
Jackson's Veto
A week after the Recharter bill, Jackson vetoed it, claiming it was unjust and unconstitutional. -
Jackson Removes Federal Deposits
After winning re-election, he proceeded to remove ALL deposits from the Bank of the United States. -
Biddle's Response
In response to Jackson's removal of deposits, he began to blame Jackson for causing a panic, leading people to see that the bank wasn't all that helpful in the first place. -
Election of 1832
Jackson easily re-claimed office, against opponent, Henry Clay. He won 219/286 electoral votes -
Jackson's Pet Banks
This was his attempt to fully terminate the Bank of the United States, seven were raised, and received deposits of federal money. -
Speculative Boom
An inflated or exaggerated expectation about future economic growth, this is a common occurrence throughout American History. -
Specie Circular
An executive order, issued by Jackson, required payment for the government land to be in gold and silver only. -
Crash of 1837
Also known as the Panic of 1837, was a financial crisis, that kick started a major recession that lasted until the mid-1840s.
