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Nicholas Biddle Research Paper

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Nicholas Biddle was named president of the Second Bank of the United States. Biddle by far was one of the modern central bankers. When Jackson was running for president in the 1820’s Biddle tried to “woo”, but Jackson believed that “the world od governed too much”, and he was very suspicious of banks, especially the central type. By 1832, Jackson had noticed that Biddle was trying to get a new charter for the B.U.S by getting support from townspeople. Congress approved the rechartering bill. which just proved to Jackson that the bank was to circled around by politics. In 1833, Jackson decided that no more government money would be disposed and that it should be a states right. Giving the states more power to charter their own individual institutions.

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