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Charter of the 2nd bank of 1816
This was similar to the first, and was again chartered for 20 years. This bank however was unpopular in newer states and territories. This bank was well managed and rendered a valuable service -
Election of 1832
This election was the witness of the battle of the bank. Jackson's position and success in this election established the hallmark of his democracy within the U.S.. Jackson attempted to kill the Bank charter where his actions fueled the anti-Jacksonian Democracy campaign during the election year. -
The Veto of Jackson
Jackson sensed that the bank’s aristocratic manager, Nicholas Biddle, was an easy target. When the bank’s supporters in Congress pushed through an early renewal of its charter, Jackson responded with a veto that denounced monopoly and special privilege and was the effort to override the veto had failed -
Jackson's Order
President Jackson Ordered an end to deposits of government money in the bank and gradual withdrawals of the money already in its custody. -
Pet Banks
Jackson ordered an end to deposits of government money in the bank, and gradual withdrawals of the money already in its custody. This was a term that described the state banks being selected by the U.S. department of treasury to receive surplus funds in 1833.