Nicholas Biddle responds by stockpiling the Bank's…
October 1833 CE
The moves are intended to force Jackson into a compromise.
"Nothing but the evidence of suffering abroad will produce any effect in Congress," he writes.
At first, Biddle's strategy is successful, putting enormous pressure on Jackson, but Jackson handles the situation well.
When people come to him complaining, he refers them to Biddle, saying that he is the man who has "all the money."
Jackson's approach works.
Biddle's strategy backfires, increasing anti-Bank sentiment.
Groups
Commodities
Regions
Northern North America
View →Subregions
