The second Bank of the United States,…

1836 CE

The second Bank of the United States, having lost the bank war to President Jackson and his allies, becomes a private corporation under Pennsylvania commonwealth law in February 1836.

A shortage of hard currency will follow, causing the Panic of 1837 and lasting approximately seven years.

The Bank will suspended payment in 1839 and will be liquidated in 1841.

Locations
Philadelphia Philadelphia Pennsylvania United States View →

People
Andrew Jackson View → Nicholas Biddle View →

Groups
Pennsylvania, Commonwealth of (U.S.A.) View → United States of America (US, USA) (Washington DC) View → Bank of the United States, Second View →

Topics
Party System, Second (United States) View → Jacksonian Democracy (United States) View → Bank War View → Panic of 1837 View →

Commodities
Money View →

Subjects
Government View → Custom and Law View → Finance View →

Regions

Subregions

Related Events

Active Filters
Group: Armenia, Macedonian vassal Kingdom of
People: Henry St. John, 1st Viscount Bolingbroke
Topic: Hydaspes (Jhelum) Rver, Battle of the
Location: Glasbury Brecknockshire United Kingdom
Refine Results

No related events match the current filters.