THE VIRGINIA DYNASTY 1801 1825
JAMES MADISON AFTER THE WAR OF 1812 THE ERA OF GOOD FEELINGS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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John C. Calhoun
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Andrew Jackson
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Henry Clay
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Daniel Webster
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Detailed explanation-1: -On one side was Andrew Jackson, Old Hickory, and his supporters who claimed the Bank was a threat to the republic due to its economic power. State bankers felt the central bank’s influence frustrated their ability to function.
Detailed explanation-2: -Nicholas Biddle, the third and last president of the Second Bank of the United States, became President Andrew Jackson’s nemesis during the “Bank War.” During the election campaign of 1832, Jackson’s opponents organized a new political party, the National Republicans, under Henry Clay.
Detailed explanation-3: -Biddle, who served as president from 1823 until the Bank’s demise in 1836, refused to accept any criticism of the Bank’s operations, especially claims about the mismanagement of some of the Bank’s branches.
Detailed explanation-4: -The Bank’s most powerful enemy was President Andrew Jackson. In 1832 Senator Henry Clay, Jackson’s opponent in the Presidential election of that year, proposed rechartering the Bank early.