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Jackson vetoes the renewal of the 2nd B.U.S.
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Jackson censured by the Senate for putting federal funds in state banks.
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Nicholas Biddle demanded that old loans be repaid and no new loans
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Jackson orders the pulling of government funds from the 2nd B.U.S. to be deposited in state "pet banks".
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Specie Circular- Must use gold/silver to buy land.
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Martin Van Buren takes office.
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Banks run out of gold/silver and the governement can not get any money.
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State banks begin to accept payment only in specie
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2nd Bank of the United States officially closes and goes out of business
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William H. Harrison and the Whig party take control