Bank War
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The Bank War was a political struggle that developed over the issue of rechartering the Second Bank of the United States during the presidency of Andrew Jackson. This resulted in the shutdown of the B
Cartoon depicting the political conflict between Andrew Jackson and Nicholas Biddle over the Second Bank of the United States
The north façade of the Second Bank of the United States, facing Chestnut Street (2013)
President Andrew Jackson
President of the Second Bank of the United States, Nicholas Biddle
The Second Bank of the United States was the second federally authorized National Bank in the United States, chartered under the Madison administration. Located in Philadelphia, Pennsylvania, the bank
Bank War
…The Bank War was a political struggle that developed over the issue of rechartering the Second Bank of the United States (B.U.S.) during the presidency of Andrew Jackson (1829–1837). This resulted in the shutdown of the Bank and its replacement by state banks. The Second…
The north façade of the bank on Chestnut Street
An 1824 draft on the bank written and signed by Daniel Webster, its attorney and the director of the Boston branch
A promissory note issued by the Second Bank of the United States, December 15, 1840, for the amount of $1,000
A Democratic cartoon from 1833 showing Jackson destroying the Second Bank with his "Order for the Removal", to the approval of the Uncle Sam-like figure to the right, and the annoyance of the bank's president, shown as the Devil himself. Numerous politicians and editors who were given favorable loans from the bank run for cover as the financial temple crashes down.