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By Jackson - ByJackson'sadministration, ,...

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By Jackson's administration, the Bank had expanded into twenty-nine branches and  was doing roughly seventy million dollars of business a year, handling twenty percent of  the nation's loans and monetary notes and one-third of all deposits. Perhaps more  important, Jackson–who because of his previous election experiences remained wary of  voting improprieties–thought that a bank with that much power could not remain  independent of the electoral process. While the Bank in 1830 remained relatively clean  and did not abuse its power, Jackson believed it was a disaster waiting to happen, and  set out to shut it down. When the Bank, led by Nicholas Biddle, realized Jackson's intentions, it began a public  campaign to curry favor. Biddle announced that the Bank intended to pay off the 
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