8.22 Jacksonian Democracy and the Bank War
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Skill Level🔴 Hard
00:00
Progress to Next Level25% to Medium
EasyMediumHardMastery100%
Passage
Timeline notes: 1832—Jackson vetoes a bank recharter bill. 1833—federal deposits are removed. 1834—some state banks expand lending. A later note warns that credit booms can create bubbles when paper notes are not strongly backed by specie.