| − | Jackson was firmly opposed to a [[national bank]], and fought to dismantle the Second Bank of the United States. He vetoed Congress's bill to renew its charter, and began withdrawing money from it. He issued the [[Specie Circular]] in July 1836, which required land bought from the government to be paid for in [[specie]] (actual gold or silver coins), instead of bank notes. Most historians link this to the [[Panic of 1837]], which broke out weeks after after Jackson had left office and ruined the presidency of his successor, fellow Democrat [[Martin Van Buren]]. | + | Jackson was firmly opposed to a [[national bank]], and fought to dismantle the Second Bank of the United States. He vetoed Congress's bill to renew its charter, and began withdrawing money from it. He issued the [[Specie Circular]] in July 1836, which required land bought from the government to be paid for in [[specie]] (actual gold or silver coins), instead of bank notes. Most historians link this to the [[Panic of 1837]], which broke out weeks after Jackson had left office and ruined the presidency of his successor, fellow Democrat [[Martin Van Buren]]. |