Andrew Jackson and Nicholas Biddle

Jackson and Biddle can not withdraw from further differences. Born in 1767, Andrew Jackson grew up in a rude country, had a military career, and is considered a defender of the people's rights. And he has serious doubts about banks. His opponent in this war, Nicolas Biddle was a representative of an American nobleman. He was born in Philadelphia, a famous family, at age 15 when he studied at the University of Pennsylvania from a very young age and graduated later at Princeton.

In American history, the bank war was a struggle between President Andrew Jackson and US Central Bank Governor Nicolas Bidol over the survival of the only domestic banking institution in the United States in the second quarter of the nineteenth century. The first American bank, approved in 1791 by Thomas Jefferson's opposition, ended in 1811 when Jefferson Republicans refused to pass the new Federal Charter. In 1816, the second American bank was established in the 20 - year Federal Charter.

After Nicholas Biddle served as the second bank president of the United States, the nickname of Bank of America. During the first president of Andrew Jacksons, Biddle wanted to extend the charter of the bank for 20 years. Jackson felt he was intimidated, if he did not approve the extension, Biddle will use his resources to see Jackson not being reelected. Pres. Jackson rejected the extension and killed the second US bank

Four years before the charter of the bank expires, Nicolas Biddle has applied for the extension of the charter, hoping that Andrew Jackson had to worry about the re-election and hope not to interfere. Andrew Jackson refuses the charter, if he wins the re - election he will weaken any hope of renewing the charter of the bank (which means he did it). Bank war broke out when Mr. Nicholas Bidle of US Bank President filed for renewal of the bank's charter. As he knew that Jackson will expire the bank charter before the next presidential election, Biddle did it four years before the charter expires. By using it as an election problem, he hopes to save the bank. In the election, Biddle supported Henry Clay. The plan did not go well as Jackson beat Clay in the 1832 election! After the election, Jackson decided to cancel all government funds from the second US bank and invest in smaller state-owned banks.