Jackson and the National Banks

Jackson and the National Banks

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  • Jackson didn't like Biddle because he believed that Biddle favored the Easterners over the Westerners. 
  • Jackson disliked the second bank because it only helped wealthy people.
  • The bank was also a powerful institution. The strict policies made loans had to obtain.
  • Jackson voteod the renewal of the banks charter.
  • The Panic of 1837 started because Jackson decided not to run for a third term in 1836.  It was an effect of the victory that Jackson had over the United states bank.
  • During the Panic of 1837, the control over state banks disappeared.
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