When the Bank

When the Bank - When the Bank, led by Nicholas Biddle,...

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Unformatted text preview: 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 national debtanother of Jackson's pet causesby January 8, 1833, the eighteenth anniversary of the Battle of New Orleans, in Jackson's honor. The offer, of course, came with the caveat that the Bank would get a charter extension. Biddle also began to offer financial favors to Jackson's friends, in the meantime proving Jackson's belief that the Bank could play political games if necessary. Jackson did nothing and waited for the right moment to act. Biddle then surprised everyone by asking for a recharter in January of 1832a Presidential election yearfour years before the current charter expired. Biddle believed that by making the Bank an election issue, he could force Jackson to...
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When the Bank - When the Bank, led by Nicholas Biddle,...

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