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Showing 1 articles from July 12, 2010.

FrontPage News

Deja vu all over again-Old Hickory and the 2nd Nat'l Bank
Deja vu all over again-Old Hickory and the 2nd Nat'l Bank
Posted on:
July 12, 2010
By:
James Benassi
July 10th is a very significant day in the development of both the Democratic Party and democracy in America.  On that date in 1832 President Andrew Jackson vetoed the bill to re-charter the Second National Bank.
 
The second national bank was second.  But it was not national.  It was the privately held Bank of Philadelphia.  And it was not just a bank.  The notes issued by that private bank were the currency.  Private interests had control of the monetary and banking policy of the United States....
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Mary B. Potter, Editor
Email editor@westkyjournal.com
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