2. NICHOLAS BIDDLE
• Biddle applied for the Bank’s re-charter four years earl
• Biddle believed if Jackson were to veto the charter, the common
people would be outraged and it would cost Jackson his re-
election.
• Biddle hoped the resulting economic troubles would force Jackson
to return government deposits to the Bank.
• 1829, biddle approached Jackson with a proposition.
• Biddle set policies that controlled the nations money supply.
• In 1832, Biddle asked Congress to renew the bank’s charter, but
because 1832 was an election year, he thought Jackson would
agree to renewal rather than risk angering its supporters
3. ANDREW JACKSON
• Jackson had come to distrust banks after losing money in
financial deals early in his career.
• Jackson thought that the bank had to much power
• Jackson felt the banks lending policies favored wealthy clients
and hurt the average person
• When Congress voted to renew the bank’s charter, Jackson
vetoed the renewal.
• In Jacksons second term, he was set out to destroy the bank
before its charter ended in 1836.
4. NATIONAL BANK
• Andrew Jackson vetoed the second bank so there wouldn’t be another bank
• Jackson thought the national bank was against the contusion
5. JACKSONS THOUGHTS
• Too many rich people were with the bank so the famers/lower class couldn’t get a lot if any
• The loans would bring great embarrassment if we gave out loans to money we didn’t have.
6. THE PROBLEMS THAT OCCURRED
AFTER THE NATIONAL BANK WAS
NO MORE
People were counterfeiting money.
There were depressions.
People were panicking.
Deposits into some of the new small, state—chartered
banks were lost and the state banks that held them
failed.
7. THE WHIG PARTY
• The whig party was a political
party active in the early 19 th
century in the United States.
• Four presidents of the United
States were member of the whig
party.
• Considered integral to the
second party system and
operating from the early 1830’s
to the mid 1850’s, the party
was formed in opposition to the
policies of President Andrew.
8. THE WHIG PARTY
• The Whig Party was establish largely in critical
response to the philosophies of President Andrew and
it was named after the British party that opposed the
royal power.
• The Whigs opposed the concentration of power in the
chieff executive.
