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In speeches and legislative bills beginning in 1815 and continuing for two decades, Henry Clay and many others sketched out blueprints for the establishment and then continuation of the Second Bank of the United States, for federal aid to build roads and canals, for development of the West, and for the encouragement of manufactures through high levels of tarif protection.
The charter of the First Bank of the United States was allowed to lapse in 1811; a generation later, in 1836, President Andrew Jackson successfully opposed the charter of the Second Bank of the United States.
8) The Second Bank of the United States provided yet another opportunity for Jackson to increase the power of the executive.
Jackson became president in 1829, he resolved to not renew its charter in 1836 and to switch federal deposits from the Second Bank of the United States to state banks.
His selections include Andrew Jackson's war against Nicholas Biddle and the Second Bank of the United States, Abraham's Lincoln issuing of the Emancipation Proclamation, Chester A.
In his opposition to national public works projects and the Second Bank of the United States, Jackson championed the common man against the oligarchy, and encouraged his participation in politics.
For years, it was home to many national institutions, including the country's first lending library, the First Continental Congress, the first Secretary of War, the First Bank of the United States, the Second Bank of the United States, the Franklin Institute, and the first trade exhibition.
Andrew Jackson slew the monster Second Bank of the United States, the 600-pound gorilla of the credit system in the 1830s, in the name of the people versus the aristocrats who sat on the bank's governing board.