
6-8, 9-12

Grades 6-8, 9-12

Grades 6-8, 9-12

Grades 9-12

Grades 6-8, 9-12

Grades 9-12

Grades 9-12

Grades 9-12

Grades 9-12

Grades 9-12

Grades 9-12
On this day in 1832, President Jackson facilitated a little revenge on many of his political enemies by vetoing the national bank's request for a new charter. At the helm of the bank was a man named Nelson Biddle, who saved the bank when it was on the verge of collapse. Biddle turned the bank around and enjoyed many years of prosperity and influence. In the 1824 and 1828 elections Biddle used his influence to help squelch Jackson's bid for the presidency. Jackson did not forget these actions and after vetoing the bank's charter he led a crusade to make the nation's banking system privatized. This effectively put an end to Biddle's bank.