{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

hist review - Bank War The Bank War is the name given to...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Bank War The Bank War is the name given to controversy over the Second Bank of the United States and the attempts to destroy it by then-president Andrew Jackson . At that time, the bank was the only nationwide bank and exerted tremendous influences over the nation's financial system. However, in 1832 Andrew Jackson vetoed the renewal of the Second Bank of the United State ʼ s charter. [1] Jackson viewed the Second Bank of the United States as a monopoly since it was a private institution managed by a board of directors. Its president, Nicholas Biddle , exercised vast influence in the nation's financial affairs. Removal of fund election of 1836 It was the only race in which a major political party intentionally ran several presidential candidates. The Whigs ran four different candidates in different regions of the country, hoping that each would be popular enough to defeat Democratic standard-bearer Martin Van Buren in their respective areas. The House of Representatives could then decide between the competing Whig candidates. This strategy failed: Van Buren won a majority
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}