Nicolas Biddle was the bank president and political enemy of Jackson.
US President Andrew Jackson removed all government funds from the Bank of the United States. He also vetoed a new charter for the bank in 1832.
President Andrew Jackson viewed the National Bank as a curse to the Republic. Jackson believed that a central bank held too much power in controlling the country's money and he felt that it was unconstitutional.
President Andrew Jackson viewed the National Bank as a curse to the Republic. Jackson believed that a central bank held too much power in controlling the country's money and he felt that it was unconstitutional.
President Andrew Jackson viewed the National Bank as a curse to the Republic. Jackson believed that a central bank held too much power in controlling the country's money and he felt that it was unconstitutional.
Michael Jackson
Dick
In July of 1832, President Andrew Jackson issued a veto of a bill that would have re-chartered the Second Bank. Jackson believed that the bank was corrupt.
Jackson felt the bank was unnecessary and that the federal government had no business allowing the bank to exist. Jackson viewed the bank as too powerful and run but an elite few.
Nicholas Biddle
James Madison
Nicholas Biddle was the president of the bank. He challenged Jackson and got Congress to renew the bank's charter in 1832, an election year. Jackson vetoed the bill to re-charter and the existence of the bank became a campaign issue.