war on banks
what does it mean when people say jackson waged war against the bank
they mean andrew jackson in 1833 when he waged war on the bank
Jackson had been damaged financially by the bank earlier in career
and i heard he was gonna lose votes due to the bank legislature so he took war against it
he retained a distrust of financial institutions throughout his life
Jackson was also sympatheic to soft money supportes from the west who wanted access to easy money
Jackson opposition to the bank became an obsession
Jackson ordered the federal government deposits removed from the bank and place pet banks
this caused an economic contraction at the end of 1833
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