Why Hate The BUS? 1. Banks were the enemy of farmers. 2. A minority of stockholders were British. 3. BUS is supported by Henry Clay. 4. Banks only support Businesses and are monopolies which restricts competition.
Mr. Nicholas Biddle 1. Restricted the creation of “Risky” banks. 2. Reduced Bank failures. 3. Prevented currency inflation. 4. Distributed currency to the rest of the nation. 5. Known as “Emperor Nick of the Bribery Bank”
Election of 1832 Main Issue Are: 1.Jackson’s veto of the Bank of the United States. 2.Political opposition to the Masons; of which Jackson was a member. 3.The Anti-Masonic Party.
Death of the BUS 1. “The Bank is trying to kill me, but I will kill it.” 2. Clay blocks Jackson’s veto, but Jackson withdraws all Gov. Funds. 3. Gov. demands that “Specie Circular” be used to cover payments.(Hard Currency)