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Chapter 11, Section 3
Jackson and the BankLearning Target:
• I can explain why & how Andrew Jackson
helped force the National Bank to close.
• I can evaluate the impact that the bank’s
closure had on the country.
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1. Why did Jackson dislike the
Bank of the United States? (2) He said that it was the rich making the rich richer.
“undemocratic”
He disliked Nicolas Biddle, the President of the Bank
It was “too powerful” (It was a regulatory bank)
video
Nicolas Biddle did not back Jackson for President
Nicolas Biddle did not do what Jackson wanted concerning
finances
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2. In 1832, Jackson used his power to
veto the bill that would renew the Bank
of the United States’ charter. Why? He
said it was “unconstitutional”
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3. In the next election,
the Bank was the
main issue. Who won
the election?
Jackson and what
did this tell us about
the voters’ opinion of
the Bank? This tells
us that the people
agreed with Jackson
about the Bank
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4. What did Jackson do to end the
Bank’s power early? He withdrew
federal money from the Bank, and put
it in state banks that he and his
friends owned (called “pet banks”
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5. What was the new name for the
National Republican Party?
Whig
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6. Create a flow chart
showing the causes of
the Panic of 1837, an
economic crisis during
Van Buren’s presidency.
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7. President Van Buren supported the
principle of laissez-faire, which included
limited government interference in the
nation’s economy.
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8. What did the Whigs do to win the votes
of the common people in 1840? They
told the people that Wm. Henry
Harrison was a common man born in a
log cabin. Was this true? No
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9 & 10. Who was the 1st Vice-President
to succeed a President who died in
office? John Tyler succeeded William
Henry Harrison (Whig) who died 31
days, 12 hours, and 9 minutes after
his inauguration.
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Why did he disappoint members of his
party? He vetoed all Whig bills, and
even vetoed the bill to re-charter the
Bank of the United States!
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11. What happened in the next election?
He was not nominated by his party
Henry Clay (Whig) lost to James Polk
(Democrat)