The Bank War

Jackson s stubborn skepticism about banks escalated into a highly personal battle between the president of the country and the president of the bank nicholas biddle.

The bank war. The bank war was a bitter and personal dispute between jackson and his enemies. The bank war was a long and bitter struggle waged by president andrew jackson in the 1830s against the second bank of the united states a federal institution that jackson sought to destroy. Its charter expired in 1811 but in 1816 congress created a second bank of the united states with a charter set to expire in 1836. The bank war refers to the political struggle that developed over the issue of rechartering the second bank of the united states b u s during the presidency of andrew jackson 1829 1837.

The bank war was the name given to the events initiated by andrew jackson to bring about the destruction of the second bank of the united states and transfer government money into selected state banks. History the struggle between president andrew jackson and nicholas biddle president of the bank of the united states over the continued existence of the only national banking institution in the nation during the second quarter of the 19th century. The first bank of the united. Congress established the first bank of the united states in 1791 to serve as a repository for federal funds.

It did not involve an army or any physical fighting. The bank war unless. The bank war of 1832 was not a war as we might think of a war today. Bank war in u s.

The bank war was between the second bank of the united sates and andrew jackson. As president he waged a war against the bank of the united states. By the 1830s the bank had become a volatile political issue. But five years later congress had given a new charter to the second bank of the united states.

The bank war was the name given to the campaign begun by president andrew jackson in 1833 to destroy the second bank of the united states after his reelection convinced him that his opposition to. The second bank of the united states was established as a private organization with a 20 year charter having the. Instead it was a heated political battle between andrew jackson and the.