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Jackson bank veto
Jackson issued a veto of the renewal of the bank. -
Pulling of gov. funds and deposits into "pet banks"
Jackson wanted to end the bank before the charter ended so he pulled the money out of the national bank and deposited it into pet banks. -
Nicholas Bittle
wanted the old loans to be paid and didn't want any new loans to be created. Fought back against pet banks by making it harder for people to borrow money and hopes with economic trouble Jackson would return the money. -
State banks accept payment
Jackson ordered that people could only pay in specie for government land.lead the banks to shut down. -
Martin Van Buren
After Martin was in office for a few month widespread panic filled the country. which was known as the panic of 1837