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The First Bank Was not renewed so Jackson started the Second bank on a twenty year charter.
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The second bank had to get loans and farms were shutting down. People were in a financial crisis and panicked.
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It was time for the Second Bank to be renewed but upon being presented the renewal Jackson vetoed it. He claimed it caused panic and injustice.
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In the battle of Jackson versus Clay Jackson ended up winning this election. He gained supporters after his veto of the bank and calling the national bank out on its grievances to many Southerners.
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At this time Jackson stopped government funding the national bank and moved it to some state banks of choice. These were called "pet banks".
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After Van bureau was elected president the country went into financial crisis and lasted until the eighteen forties because he could not resolve it.
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Henry Harrison won this election and helped put an end to the bank crisis that was so ongoing.