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29: The Bank War, Whigs, & Revolution in Texas

History That Doesn't Suck

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The Bank of the United States and the Presidential Election of 1832

This chapter explores the controversy surrounding the Bank of the United States and its re-charter, as well as its role in the presidential election of 1832. It delves into the efforts to convince the bank's president, Nicholas Biddle, to apply for the re-charter early and the fierce debate in Congress. The chapter also discusses President Andrew Jackson's actions to undermine the bank and the subsequent nationwide panic and recession.

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