Nicholas Biddle. This re-charter led to the Bank War, the name given to the campaign Jackson began in 1832 to decentralize the Bank. The Bank War was between the Second Bank of the United Sates and Andrew Jackson. labor. - Definition & Summary; Andrew Jackson's Role in the Bank War of 1832; Go to Jacksonian Democracy (1825 -- 1850): Tutoring Solution Ch 8. Andrew Jackson 1767-1845 A brief biography Henry Clay and the "Bank Wars" Clay considered the bank issue, if it could be made an issue, to be in his favor.. THE BANK WAR. president of 2nd Bank who went head to head against Jackson. As president, he waged a “war” against the Bank of the United States. Congress, swayed by the majority’s hostility to the bank as an institution catering to the wealthy elite, did not renew the charter at that time. monopolies, New England aristocrats, and foreign domination. Congress established the Bank of the United States in 1791 as a key pillar of Alexander Hamilton’s financial program, but its twenty-year charter expired in 1811. In doing so, The Bank War and the Partisan Press shows how the conflict played out on the ground level in various states—in riots, duels, raucous public meetings, politically orchestrated bank runs, arson, and assassination attempts. Although it seems odd to us, Dan Feller, editor of the Papers of Andrew Jackson, says that the system of banking and monetary policy in the early United States was not well established. Victory for what? The charter of the controversial national bank that Congress had established as part of Alexander Hamilton’s financial plan expired in 1811. But five years later, Congress had given a new charter to the Second Bank of the United States. The aftermath of the Bank War indeed had a profound influence on the country, especially the Presidency of Martin Van Buren. In 1836, the bank would die, or cease to be national bank, if not rechartered by congress. Episode 761: The Bank War : Planet Money A populist president versus the most powerful banker in America. It did not involve an army or any physical fighting. What Was the Bank War of 1832? The Bank of the United States was a depository for federal funds and paid national debts, but it was answerable only to its directors and stockholders and not to the electorate. The supporters of a central bank were those involved in industrial and commercial ventures. Congress established the First Bank of the United States in 1791 to serve as a repository for Federal funds. Instead, it was a heated political battle … The Bank War of 1832 was not a war as we might think of a war today. What was the country like post the Bank War? Jackson's killing of the Second National Bank killed the American economy as seen in the Panic of 1837, but also incited the development of a two party political system. The Bank War was a loss for who/what?

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