1. Topic: Evaluating Jacksonian Democracy and the “Bank War”: a fight for the common man?
Do Now:
“Jackson was truly a common man, and his actions supported his constituents, which were ‘common men’. It was only natural that Jackson would take on the US Bank, which was often at odds with the interests of the ‘common man’.”
Refute or Defend this Statement

2. Jackson’s Views on the National Bank
Jackson supports businesses and finances
Jackson’s disapproval of “monopolistic banking”
Bank as a “branch” of Government
Bank as against the people, western interests
Bank favors the elites
Jackson’s views on the Bank as based on personal beliefs
He viewed it as bad for the nation

3. Campaign of 1832: The Bank War
Henry Clay and Daniel Webster push for the re-chartering of the Bank (1832)
Jackson vetoes the re-charter (Veto Message)
Clay plans to use it as a campaign issue
Clay: Bank provides financial stability, credit
Clay allied with Nicholas Biddle (Bank President)
Jackson: “I will kill the Bank”
Election 1832: Jackson Wins!! (219 to 49)

4. Jackson Kills the Bank Jackson’s win as a mandate to “kill” the bank
Dedicates 2nd term to vanquishing the Bank
Jackson removes all Federal funds from the US Bank
Deposits money into private “pet” banks
US Bank gone  causes financial depression

6. Conclusion
Trace briefly the development of the US Bank as a political issue. What is the significance of Jackson’s actions towards the Bank (political, social, economic)?