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Jackson Rejects the Bank Renewal Bill
(after Bank renewal Bill Proposed) Jackson issues a veto message declaring why he has declined the bank re-charter, and showing his disdain for the corruption in the government.He says the bank and the powers are unconstitutional. -
Bank Renewal Bill is Proposed
This is a bill passed by the House and the Senate, meant to increase the amount of money in the bank, and give more to investors. This would cause monopolies to begin in the USA and cause money to continue to go out to foreign investors. -
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Panic of 1837
A financial recession in the United States. Unemployment was rampant, with wages and prices plummeting. This was during Martin Van Buren's presidency.