Bank Wars Flashcards
What is the election of 1823?
This led to the end of the Congressional Caucus system for nominating candidates, and eventually, the development of a new two-party system in the United States. In the election, Andrew Jackson won a plurality of both the popular and electoral vote. But John Quincy Adams became president.
What is the Bank Charter?
The license for banks, trust companies, and other special purpose depository institutions is called a charter, and it allows financial institutions to perform core banking activities such as deposit taking and lending and to provide fiduciary services to their customers.
Who is Nicholas Biddle?
Bank War, in U.S. history, the struggle between President Andrew Jackson and Nicholas Biddle, president of the Bank of the United States, over the continued existence of the only national banking institution in the nation during the second quarter of the 19th century.
Who Was Daniel Webster?
Was a nationalist from New Hampshire. Involved in the Webster - Haynes debate over states’ rights. Was the secretary of state under the Tyler administration. Ran as a Whig in the election of 1836, but lost to Martin Van Buren.
