Jackson and The Bank

By giselle_sanchez

  • Creation of Second National Bank

    After the first national banks 20 year charter and the war leaving them in debt, they started the second national bank.

  • Jackson veto's the bank

    The bank got vetoed by Jackson since it was unconstitutional after Congress passed the bill.

  • The Whig Party

    This was a major political party and this was to throw down the "tyranny" of Andrew Jackson and to overthrow the national bank.

  • The Panic of 1837

    This was a financial crisis in the United States and this damaged national economies. This happened due to many state banks being closed since the National Bank had been weakened.

  • The Independent Treasury Act of 1840

    This act was passed to separate the the government from banking.