14 St. 39 Min, 4 Mai 1833 Jahr - Bank War

Beschreibung:

Nicholas Biddle was head of the bank
bank had power to destroy any state bank
democrats concerned about large amount of power
biddle's allies persuaded congress to extend charter another 20 yrs
jackson thought this was blackmail
- if he didn't sign it, the bank would oppose reelection
Jackson vetoed it
- claimed bank had source of power unaccountable to people
- it widened wealth gap
- won reelection in 1832 over henry clay