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Topic: Miscellaneous
Number of pages / Number of words: 4 / 955
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When Jackson could not legally abolish the Bank of the United States before the expiration of its charter, he weakened it by removing the government's deposits from the bank. Jackson fired two of his secretary of treasury when they refused to carry out the order because they believed that such an action would destabilize the financial system...


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Jackson got Roger Taney to carry out his order. Taney took the deposits out of the Bank of the United States and put them in state banks. Biddle, in response, called in loans and raised the interest rates, in which his actions precipitated a short recession. Supporters of the Bank petitioned to Washington urging a rechartering of the Bank...


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