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Legacy of an Autocratic Ruler: Andrew Jackson Versus the Bank of the United States

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Abstract
The Bank of the United States under the leadership of Nicholas Biddle is a very profitable enterprise. In the election of 1832, Henry Clay seizes upon the early reauthorization of the bank's charter as a campaign issue against Andrew Jackson. Jackson vetoes the renewal bill Clay is pushing, stating that he is unwilling to support measures that only "make the rich richer and the potent more powerful," and wins the election by a larger margin than he did in 1828. Jackson seeks to further weaken the Bank of the U. S. during its final years by withdrawing the government's monies. Since this can only be done by the Secretary of the Treasury declaring the bank "unsafe," Jackson finally appoints a man who will do what he has ordered, Roger Taney.
Series
American History, American Studies, Unfinished Nation, The
Duration
00:05:55 (HH:MM:SS)
Language:
English
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