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The Bank War, primarily during the presidency of Andrew Jackson in the 1830s, led to the dismantling of the Second Bank of the United States and significantly altered the American financial landscape. By withdrawing federal funds and distributing them among smaller state banks, Jackson aimed to reduce the power of the banking elite and promote a more decentralized financial system. This resulted in increased lending and speculation, contributing to economic instability and eventually the Panic of 1837. The conflict also intensified political divisions, solidifying the Democratic Party's opposition to centralized banking.

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5d ago

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