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Andrew Jackson is reelected in a landslide victory over Henry Clay of Kentucky.
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The Bill proposed to congress that would recreate the National Bank. Andrew Jackson was against it, with its main supporter being Nathan Biddle.
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Andrew Jackson veto's the Bank Recharter Bill.
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Jackson moved the deposits in the National Bank to several state-chartered banks.
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Nathan Biddle, Jackson's opponent and president of the National Bank, contracted all bank credit.
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Jackson raises 7 state banks to take over the position of the National Bank.
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The economy grew rapidly in this time which lead to the Panic of 1837.
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An executive order given by Andrew Jackson which required government-given land to be paid for in silver or gold.
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The Panic of 1837 lead to an economic depression with lasted through the 1840's.
