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Born to Irish immigrants on March 15 1767 Andrew Jackson was to become the first rags to riches President the country had ever seen He grew up in South Carolina and fought in the Revolutionary War at only thirteen His entire immediate family parents and siblings died as a cause of the war whether it was being killed in battle or death from disease He went on to serve two terms as the seventh President of the US leaving behind a legacy of administrative policy and even his own democratic philosophy The Second Bank of the United States was founded in Philadelphia in 1816 It was mainly a Republican project and a response to the expiration of the First US Banks charter It was created as a safe place for federal funds and because state banks were seen as insufficient for handling financial needs Currency differed by state counterfeit money was everywhere and state banks often issued notes without any gold or silver the only trusted currency to back them up The bank was not met everywhere on friendly terms Maryland in an effort to destroy the Baltimore branch passed laws to heavily tax it but the Supreme Court removed those laws strengthening the central federal power The Second Banks charter expired during Jacksons administration in 1836 Most people were distrustful of the bank as it had enormous power to ruin state banks and was basically unresponsive to the peoples needs It had powerful political influence also and was completely controlled by one man the President Nicholas Biddle The rechartering was scheduled by the bank-influenced Congress to coincide with the 1832 Presidential campaign and election in which Jackson would be running for a second term The purpose was to gather up public pressure to have him pass the charter in order to gain reelection However Jackson was a bit more principled than that and vetoed the bill Congress was unable to override his veto He
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