2nd national bank

  • The veto

    Jackson argued that the version of the bank that was presented to him was incompatible with justice and the constitution.
  • Election of 1832

    Jackson still won despite facing heavy criticisms for how he acted in the "Bank War"
  • panic of 1833-1834

    The Bank's charter appeared unlikely to be renewed. Biddle raised interest rates and called in loans. People panicked, withdrawing money unnecessarily.
  • Coinage Act of 1834

    It raised how much silver and gold there was in coins raising the price to about 20 per troy ounce
  • Assassination attempt

    An attempt to assassinate Andrew Jackson by Lawrence. He blamed the President for his financial woes, claiming that he "could not rise until the President fell".
  • Deposit and Distribution Act

    Placed federal revenue into pet banks (local banks). with the money being spread out loans had to go down because they didn't have the money to back big ones.