Today In History- July 10

Today In History- July 10

TOPIC

President Andrew Jackson vetoes a bill that would re-charter the Second Bank of the United States.

President Jackson vetoes important bank legislation.

  • Washington D.C., USA

In a surprising motion of the Jackson presidency, on July 10, 1832, President Andrew Jackson vetoed a bill to recharter the Second Bank of the United States.  The bank, originally created for the convenience of the government during the War of 1812, aided in the agricultural expansion of U.S. farms in the 1820s, particularly as a result of the devastation caused by the Napoleanic Wars in Europe.  Jackson was particularly opposed to the corruption that had grown in the bank, and made it a campaign promise to close the bank if he was elected.


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Created:
2/14/2008
Modified:
7/19/2011
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