The Bank War and After

Question 1

Bank War (1832-1836)

Answer 1

Jackson’s campaign to destroy the Second Bank of the United States, seeing it as corrupt.

Question 2

Nicholas Biddle

Answer 2

President of the Second Bank of the U.S., opposed by Jackson.

Question 3

Jackson’s Veto (1832)

Answer 3

Blocked the rechartering of the national bank.

Question 4

Pet Banks (1833)

Answer 4

State banks that received federal funds after the destruction of the Second Bank.

Question 5

Specie Circular (1836)

Answer 5

Required land purchases to be made with gold or silver, causing financial instability

Question 6

Rise of Whigs

Answer 6

Opposed Jackson’s policies and favored a strong national economy.

Question 7

Panic of 1837

Answer 7

Economic crisis resulting from Jackson’s banking policies and over-speculation.

Question 8

independent Treasury System (1840)

Answer 8

Established by Martin Van Buren, separating government funds from private banks.

Question 9

Election of 1840

Answer 9

William Henry Harrison (Whig) won but died one month into office, succeeded by John Tyler.

Question 10

Legacy of Jacksonian Politics

Answer 10

Strengthened presidential power but deepened political divisions in the U.S.