Andrew our hero,and seventh president !
*~ a reason Andrew Jackson is our hero !~*
He became our 7th president of America in 1829 at age of 61 and served for 8 years until 1837 (the year before the trail of tears )
1833 September 10th, President Andrew Jackson announces that the government will no longer use the Second Bank of the United States, the country's national bank. He then used his executive power to remove all federal funds from the bank, in the final salvo of what is referred to as the "Bank War.
a corporation is like a group of people alected to govern a city...do you get it now ?
this was whenever Andrew Jackson destroyed the bank!
Andrew Jackson is on the Twenty Dollar Bill as a form of mockery to him by the people of his time who later, after Jackson left office started the Federal Reserve System. Jackson hated paper money and opposed printing anything higher than a $5 bill.
*~reason three !~*
Jackson did not believe that the Second Bank of the United States was constitutional and further that it favored the wealthy over the common people. When its charter came up for renewal in 1832, Jackson vetoed it. He further removed government money from the bank and put it into state banks. However, these state banks did not follow stringent lending practices. Their freely made loans led to inflation. To combat this, Jackson ordered that all land purchases be made in gold or silver which would have consequences in the Panic of 1837