-
The second national bank was created due to the government struggling financially and creating a second national bank to allow for stability and structure to be built due to the War of 1812. -
Jackson vetoed the bank due to his belief of the bank being unconstitutional. -
The Whig party of 1834 was created by people who were against Jackson and his decisions as president for his reasonings to weaken the Second National Bank. -
The Panic of 1837 was a crisis event that occurred due to the National Bank being closed which led many states to take out loans due to Jackson’s harsh currency. -
The Independent Treasury Act of 1840 was an act created to separate the government and the bank’s crisis away from each other.