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A second bank was chartered for twenty years. This bank was unpopular with the people in the newer states as people believed it represented the wealthy few.
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The boost of the finances from the War of 1812 came to a halt, and agricultural prices were chopped in half. This was the first American financial crisis.
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Jackson won against Clay, he was against the central bank and would do anything in his power to get rid of it.
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In order to crush the central bank, Jackson had the government stop depositing its funds into it. The government then deposited its funds in selected state banks.
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Made up of the former national republicans and federalists.
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A financial crisis struck America and profits and wages went down. Everything came to a head when New York City ran out of gold and silver.
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Harrison defeated Van Buren. This election was the first of two Whig Party victories.