Andrew Jackson Section 4 - Mr. Leon

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  • Mr. Biddle's Bank
  • Alright, Mr President.
  • I've said it once, I'll say it again! No charter! I'm the superior, it will not be renewed!
  • Jackson's War On The Bank
  • Well, it's settled!
  • State Bank
  • Yes, of course! Thank you.
  • Prosperity Becomes Panic
  • What is going on?!
  • Nicholas Biddle was the president of Second Bank of the United States, and to operate, they needed a charter from the federal government. But Jackson opposed the bank. Therefore when it was time for the bank to renewal their charter, Jackson vetoed it.
  • Because of his opposition for the national bank, he got all of the federa; money and placed them into the state banks. This sent the national bank to become non-existent.
  • Things seemed to calm down the late years of Andrew Jackson's presidency. But after Martin Van Buren became after president, everything fell into panic.
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