Andrew Jackson: He should be elected third. Since I took office, Andrew Jackson has bothered me. Over the years, his government has proved what I am trying to achieve. Due to the problem of the bank, he abused the administrative right given to him by the Federal Constitution. In previous articles there are many examples where Andrew Jackson abused his executive power. In his first inauguration speech, he declared as follows. "When I run the law of Congress, I will continue to consider the limits and extent of administrative power in a stable manner, so I fulfill my obligations and obligation to fulfill.
As he said, Andrew Jackson is best known for "killing a bank", it is a kind of "corruption". During the President, Jackson reached an agreement with Nicolas Biddle, the second US bank president of the United States. , Agree with certain reforms to limit banks' political activities. But when Biddle took over by Jackson as presidential candidate Henry Clay and planned to re-plan the bank without the reform they agreed before, Jackson's anger "War" against Jackson's Clay and Biddle
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.