The Bank War

Released on by Paul Kahan
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  • The Bank War Book Detail

  • Author : Paul Kahan
  • Release Date : 2022-01-27
  • Publisher :
  • Genre :
  • Pages : 200
  • ISBN 13 : 9781594163777
  • File Size : 84,84 MB
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The Bank War by Paul Kahan PDF Summary

Book Description: The Battle over the Charter of the Second Bank of the United States and Its Lasting Impact on the American Economy Late one night in July 1832, Martin Van Buren rushed to the White House where he found an ailing President Andrew Jackson weakened but resolute. Thundering against his political antagonists, Jackson bellowed: "The Bank, Mr. Van Buren, is trying to kill me, but I shall kill it!"With those famous words, Jackson formally declared "war" against the Second Bank of the United States and its president Nicholas Biddle. The Bank of the United States, which held the majority of Federal monies, had been established as a means of centralizing and stabilizing American currency and the economy, particularly during the country's vulnerable early years. Jackson and his allies viewed the bank as both elitist and a threat to states' rights. Throughout his first term, Jackson had attacked the bank viciously but failed to take action against the institution. Congress' decision to recharter the bank forced Jackson to either make good on his rhetoric and veto the recharter or sign the recharter bill and be condemned as a hypocrite. In The Bank War: Andrew Jackson, Nicholas Biddle, and the Fight for American Finance, historian Paul Kahan explores one of the most important and dramatic events in American political and economic history, from the idea of centralized banking and the First Bank of the United States to Jackson's triumph, the era of "free banking," and the creation of the Federal Reserve System. Relying on a range of primary and secondary source material, the book also shows how the Bank War was a manifestation of the debates that were sparked at the Constitutional Convention--the role of the executive branch and the role of the federal government in American society--debates that endure to this day as philosophical differences that often divide the United States.

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The Bank War

The Bank War

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The Battle over the Charter of the Second Bank of the United States and Its Lasting Impact on the American Economy Late one night in July 1832, Martin Van Buren

The Bank War and the Partisan Press

The Bank War and the Partisan Press

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President Andrew Jackson’s conflict with the Second Bank of the United States was one of the most consequential political struggles in the early nineteenth ce

Andrew Jackson and the Bank War

Andrew Jackson and the Bank War

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Examines Jackson's role in destroying the Second Bank of the United States and the effect of his actions on the power of the Presidency

The Bank War and the Partisan Press

The Bank War and the Partisan Press

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President Andrew Jackson’s conflict with the Second Bank of the United States was one of the most consequential political struggles in the early nineteenth ce