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2006-11-02 06:32:06 · 4 answers · asked by Anonymous in Arts & Humanities History

The Jakson Bank War

2006-11-02 06:34:54 · update #1

4 answers

Not all Wars are fought with bullets.

This is in reference to the Second Bank of the United States and Jackson's attempts to close it. He did not like the possible influence that great amounts of cash can have on politics.

He used the presidential veto power to stop it.

2006-11-02 07:21:55 · answer #1 · answered by Richard 7 · 61 1

It has been called a war throughout history yet no blood was shed, lives lost nor weapons fired. There were, however, two strong, opposing sides that waged a Andrew Jackson
bitter struggle for what each firmly believed. Although Congress made no formal declaration, the issue of the Second Bank of the United States can easily and appropriately be considered a war. The primary players included President Andrew Jackson who fought against the bank and Nicholas Biddle, president of the bank, who fought in loyal support of it. The war on the Bank was unique, perhaps unlike any of its kind, having little to no personal interaction between these two key figures[1] nor was there any mention of the issue by Jackson in either of his inaugural addresses[2]. In attempting to gain a better understanding of this war, it is necessary to become familiar with the key figures and events and then attempt to determine and discuss the reasons.

Subsequent ruling by Congress declared that the Bank was a constitutional institution. Jackson continued to lobby support for his efforts despite this. Biddle saw an opportunity with the ruling and had copies of the congressional reports printed and distributed throughout the country[39]. This shifted some weight back towards Biddle's side. At this point he possessed the means with which he could apply for the Bank's recharter. Jackson seemed to be falling behind in the war and a disruption was occurring in his Cabinet. The scandal over Peggy Eaton, the wife of Secretary of War, John Eaton, had divided the Cabinet members and their spouses. Jackson's own Vice President,John C. Calhoun
each side took their respective

2006-11-02 14:43:11 · answer #2 · answered by Brite Tiger 6 · 0 0

It was Jackson's successful attempt to veto the approval of another term for the National Bank. He felt it was undemocratic and took money away from the common man to give to the aristocracy

2006-11-02 14:37:00 · answer #3 · answered by Abyssion 2 · 0 0

As both user had answer very details answer... U might check the following link for more information...

http://www.let.rug.nl/usa/E/bankwar/bankwarxx.htm

http://en.wikipedia.org/wiki/Bank_War

Hope the above link will help U...

2006-11-02 15:01:44 · answer #4 · answered by Handsome 6 · 0 0

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