Second Bank of the United States (3 jan 1832 ano – 1 jan 1836 ano)

Descrição:

In perhaps his greatest feat as president, Jackson became involved in a battle with the Second Bank of the United States, a theoretically private corporation that actually served as a government-sponsored monopoly. Jackson saw the bank as a corrupt, elitist institution that manipulated paper money and wielded too much power over the economy. His opponent for re-election in 1832, Henry Clay, believed the bank fostered a strong economy. Seeking to make the bank a central campaign issue, Clay and his supporters passed a bill through Congress to re-charter the institution. In July 1832, Jackson vetoed the re-charter because it backed “the advancement of the few at the expense of the many.”

The American public supported the president’s views on the issue, and Jackson won his 1832 re-election campaign against Clay with 56 percent of the popular vote and nearly five times as many electoral votes. During Jackson’s second term, attempts to re-charter the bank fizzled, and the institution was shuttered in 1836.

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